Key Points
- Benjamin Fowke III sold 5,000 AEP shares on Nov. 14 at an average price of $121.58, totaling $607,900 and reducing his holding by 13.93% to 30,898 shares (≈$3.76M).
- AEP raised its quarterly dividend to $0.95 (annualized $3.80) for a ~3.1% yield; the ex-dividend date was Nov. 10 and the dividend is payable Dec. 10.
- Recent results and guidance: the most recent quarter showed $1.80 EPS (missed by $0.01) with revenue up 10.9% to $6.01B, and AEP set FY2025 guidance of $5.85–$5.95 EPS (consensus ≈ $5.87).
American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) Director Benjamin Fowke III sold 5,000 shares of the company's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the sale, the director owned 30,898 shares of the company's stock, valued at approximately $3,756,578.84. The trade was a 13.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
American Electric Power Trading Up 2.0%
Shares of NASDAQ:AEP opened at $123.72 on Tuesday. The stock has a 50 day moving average of $115.32 and a 200 day moving average of $109.62. The company has a market cap of $66.08 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $124.01.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business posted $1.85 EPS. American Electric Power's revenue was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. This is an increase from American Electric Power's previous quarterly dividend of $0.93. American Electric Power's payout ratio is currently 55.39%.
Hedge Funds Weigh In On American Electric Power
Several institutional investors have recently added to or reduced their stakes in AEP. Hancock Whitney Corp raised its holdings in shares of American Electric Power by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 10,654 shares of the company's stock worth $1,199,000 after acquiring an additional 344 shares in the last quarter. Financial Engines Advisors L.L.C. increased its position in American Electric Power by 12.8% in the third quarter. Financial Engines Advisors L.L.C. now owns 2,835 shares of the company's stock worth $319,000 after purchasing an additional 322 shares during the last quarter. OmniStar Financial Group Inc. raised its stake in American Electric Power by 61.9% during the third quarter. OmniStar Financial Group Inc. now owns 9,130 shares of the company's stock valued at $1,027,000 after purchasing an additional 3,491 shares in the last quarter. Sterling Wealth Management Inc. lifted its position in American Electric Power by 11.5% during the third quarter. Sterling Wealth Management Inc. now owns 4,361 shares of the company's stock valued at $491,000 after purchasing an additional 451 shares during the last quarter. Finally, Keystone Financial Group lifted its position in American Electric Power by 1.9% during the third quarter. Keystone Financial Group now owns 9,889 shares of the company's stock valued at $1,112,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on AEP shares. Morgan Stanley raised their price target on American Electric Power from $123.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Evercore ISI reiterated an "outperform" rating on shares of American Electric Power in a research report on Thursday, October 30th. BTIG Research began coverage on American Electric Power in a research note on Tuesday, October 21st. They set a "neutral" rating on the stock. Mizuho upped their price target on American Electric Power from $113.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.03.
Check Out Our Latest Stock Report on American Electric Power
About American Electric Power
(
Get Free Report)
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.
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