Trust Co. of Toledo NA OH Acquires 828 Shares of American Electric Power Company, Inc. $AEP

Trust Co. of Toledo NA OH raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,841 shares of the company’s stock after purchasing an additional 828 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Electric Power were worth $2,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEP. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of American Electric Power by 55.8% during the first quarter. Farther Finance Advisors LLC now owns 10,219 shares of the company’s stock valued at $1,107,000 after acquiring an additional 3,661 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of American Electric Power during the first quarter valued at approximately $214,000. GAMMA Investing LLC increased its position in shares of American Electric Power by 24.5% during the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after acquiring an additional 3,867 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in shares of American Electric Power during the first quarter valued at approximately $213,000. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Performance

NASDAQ AEP opened at $117.04 on Friday. The firm has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $111.44 and a 200-day moving average price of $107.13. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $119.06.

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

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. LADENBURG THALM/SH SH reduced their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Scotiabank raised their target price on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Morgan Stanley dropped their target price on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, UBS Group raised their target price on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $114.50.

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.