American Electric Power Company, Inc. $AEP is Asset Planning Inc’s 3rd Largest Position

Asset Planning Inc raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11,208.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 104,938 shares of the company’s stock after purchasing an additional 104,010 shares during the quarter. American Electric Power makes up approximately 7.9% of Asset Planning Inc’s portfolio, making the stock its 3rd largest holding. Asset Planning Inc’s holdings in American Electric Power were worth $11,806,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in American Electric Power during the third quarter valued at approximately $26,000. Advantage Trust Co raised its stake in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Montag A & Associates Inc. raised its stake in American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of American Electric Power during the 1st quarter valued at $31,000. Finally, Missouri Trust & Investment Co purchased a new position in shares of American Electric Power in the 2nd quarter worth $31,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $115.93 on Friday. The stock has a market cap of $61.92 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. American Electric Power Company, Inc. has a 1 year low of $92.67 and a 1 year high of $124.80. The firm has a fifty day moving average price of $118.20 and a 200-day moving average price of $113.32. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share 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 during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the company posted $1.85 EPS. The company’s quarterly 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. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

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

Insider Activity

In related 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 stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AEP shares. Williams Trading set a $137.00 price objective on American Electric Power in a research report on Thursday, December 18th. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.87.

American Electric Power Company 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.