Sterling Investment Counsel LLC Trims Stock Holdings in American Electric Power Company, Inc. $AEP

Sterling Investment Counsel LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,421 shares of the company’s stock after selling 230 shares during the quarter. Sterling Investment Counsel LLC’s holdings in American Electric Power were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC raised its holdings in shares of American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock worth $364,000 after buying an additional 430 shares during the period. Ritholtz Wealth Management purchased a new position in American Electric Power during the 1st quarter worth $262,000. Robertson Stephens Wealth Management LLC purchased a new position in American Electric Power during the 1st quarter worth $205,000. Venture Visionary Partners LLC increased its holdings in American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares during the period. Finally, GAMMA Investing LLC increased its holdings in American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock worth $2,150,000 after purchasing an additional 3,867 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.6%

Shares of NASDAQ AEP opened at $113.46 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $60.68 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.98 and a beta of 0.48. The stock’s fifty day simple moving average is $110.78 and its two-hundred day simple moving average is $106.64. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho reduced their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Raymond James Financial restated an “outperform” rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. UBS Group raised their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. LADENBURG THALM/SH SH reduced their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Finally, Jefferies Financial Group reduced their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $111.63.

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by insiders.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.