American Electric Power Company, Inc. $AEP Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,351 shares of the company’s stock after buying an additional 5,374 shares during the period. Farther Finance Advisors LLC’s holdings in American Electric Power were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Advantage Trust Co grew its holdings in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Montag A & Associates Inc. boosted its position in American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the period. Bayforest Capital Ltd bought a new position in shares of American Electric Power in the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the second quarter valued at $31,000. Finally, GoalVest Advisory LLC raised its stake in shares of American Electric Power by 277.1% during the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AEP shares. Morgan Stanley set a $120.00 target price on shares of American Electric Power in a research report on Tuesday, December 16th. BMO Capital Markets set a $126.00 price objective on shares of American Electric Power in a report on Thursday, October 30th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Scotiabank upped their target price on American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group raised American Electric Power from a “hold” rating to a “buy” rating and increased their price target for the company from $128.00 to $137.00 in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.87.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,006 shares of company stock worth $1,883,522. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.3%

Shares of NASDAQ:AEP opened at $115.67 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. The stock has a market capitalization of $61.78 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.01 and a beta of 0.61. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $124.80. The company has a 50 day moving average price of $118.67 and a 200 day moving average price of $112.49.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $0.95 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.