American Electric Power Company, Inc. $AEP Shares Sold by Yousif Capital Management LLC

by · The Markets Daily

Yousif Capital Management LLC lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 5.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 76,718 shares of the company’s stock after selling 4,731 shares during the quarter. Yousif Capital Management LLC’s holdings in American Electric Power were worth $8,631,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in American Electric Power by 49.0% in the third quarter. Farther Finance Advisors LLC now owns 16,351 shares of the company’s stock valued at $1,840,000 after purchasing an additional 5,374 shares during the last quarter. Parcion Private Wealth LLC grew its position in shares of American Electric Power by 19.0% in the 3rd quarter. Parcion Private Wealth LLC now owns 7,502 shares of the company’s stock valued at $844,000 after buying an additional 1,200 shares during the last quarter. Security Financial Services INC. acquired a new stake in American Electric Power during the 3rd quarter worth $225,000. HBK Sorce Advisory LLC raised its stake in American Electric Power by 44.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 14,389 shares of the company’s stock worth $1,701,000 after acquiring an additional 4,462 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in American Electric Power by 64.5% in the third quarter. Brighton Jones LLC now owns 16,473 shares of the company’s stock valued at $1,853,000 after acquiring an additional 6,460 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly 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. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,006 shares of company stock valued at $1,883,522. 0.07% of the stock is owned by corporate insiders.

American Electric Power Trading Up 0.5%

Shares of American Electric Power stock opened at $115.15 on Wednesday. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.61. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $124.80. The company’s 50-day simple moving average is $118.82 and its 200-day simple moving average is $112.35. 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 (NASDAQ:AEPGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the firm posted $1.85 EPS. American Electric Power’s revenue for the quarter 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. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

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

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research analyst reports. Citigroup lifted their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Jefferies Financial Group upgraded American Electric Power from a “hold” rating to a “buy” rating and raised their price target for the stock from $128.00 to $137.00 in a research note on Monday, November 17th. Wells Fargo & Company boosted their price objective on American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Finally, Williams Trading set a $137.00 price target on shares of American Electric Power in a research report on Thursday, December 18th. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $126.87.

Get Our Latest Report on AEP

About American Electric Power

(Free Report)

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.

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