American Electric Power Company, Inc. $AEP Stake Boosted by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 59.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,988 shares of the company’s stock after buying an additional 69,175 shares during the quarter. Cerity Partners LLC’s holdings in American Electric Power were worth $20,813,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock valued at $82,000 after acquiring an additional 89 shares in the last quarter. Gilbert & Cook Inc. raised its stake in American Electric Power by 2.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC lifted its holdings in shares of American Electric Power by 1.7% in the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after purchasing an additional 94 shares in the last quarter. Graves Light Lenhart Wealth Inc. boosted its position in shares of American Electric Power by 1.5% in the third quarter. Graves Light Lenhart Wealth Inc. now owns 6,870 shares of the company’s stock worth $773,000 after buying an additional 99 shares during the period. Finally, Advantage Trust Co grew its holdings 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 valued at $29,000 after buying an additional 100 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the 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 completion of the sale, the director owned 25,898 shares in the company, valued at $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.8%

NASDAQ:AEP opened at $116.91 on Friday. The company’s 50 day moving average is $118.14 and its 200-day moving average is $113.42. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 12 month low of $92.67 and a 12 month high of $124.80. The firm has a market cap of $62.44 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.83 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The firm had revenue of $6.01 billion during 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%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. 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 EPS for the current 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. The ex-dividend date 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 dividend payout ratio is presently 55.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AEP shares. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Wells Fargo & Company raised their price target on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Morgan Stanley set a $120.00 price objective on shares of American Electric Power in a research note on Tuesday, December 16th. UBS Group cut their target price on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average 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.