Cwm LLC Acquires 234,689 Shares of American Electric Power Company, Inc. $AEP

Cwm LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 807.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,751 shares of the company’s stock after purchasing an additional 234,689 shares during the period. Cwm LLC’s holdings in American Electric Power were worth $29,672,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AEP. Harbor Capital Advisors Inc. purchased a new stake in American Electric Power in the 3rd quarter valued at about $26,000. Advantage Trust Co increased its position in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Montag A & Associates Inc. raised its stake in shares of American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after acquiring an additional 176 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power in the first quarter valued at approximately $31,000. Finally, Missouri Trust & Investment Co bought a new position in American Electric Power in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEP. Mizuho lifted their target price on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Siebert Williams Shank assumed coverage on shares of American Electric Power in a report on Thursday, December 18th. They set a “buy” rating and a $137.00 target price on the stock. LADENBURG THALM/SH SH boosted their price target on shares of American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a report on Thursday, November 20th. Finally, Citigroup upped their price target on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.87.

American Electric Power Stock Performance

AEP stock opened at $115.67 on Friday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The firm has a market cap of $61.78 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.01 and a beta of 0.61. 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 firm has a 50-day simple moving average of $118.67 and a two-hundred day simple moving average of $112.49.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% 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 last year, the firm earned $1.85 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Monday, November 10th. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s payout ratio is currently 55.39%.

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, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,006 shares of company stock valued at $1,883,522. Company insiders own 0.07% of the company’s stock.

American Electric Power Profile

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.