Tritonpoint Wealth LLC Purchases 122 Shares of American Electric Power Company, Inc. $AEP

Tritonpoint Wealth LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,552 shares of the company’s stock after acquiring an additional 122 shares during the period. Tritonpoint Wealth LLC’s holdings in American Electric Power were worth $369,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEP. Nuveen LLC bought a new position in American Electric Power in the first quarter valued at about $568,042,000. GQG Partners LLC boosted its holdings in American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP boosted its holdings in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. GAMMA Investing LLC boosted its holdings in American Electric Power by 13,499.5% in the first quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company’s stock valued at $234,954,000 after acquiring an additional 2,134,404 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock valued at $192,827,000 after acquiring an additional 1,726,868 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

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, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AEP. LADENBURG THALM/SH SH decreased their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Jefferies Financial Group decreased their target price on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Raymond James Financial restated an “outperform” rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Barclays boosted their target price on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Mizuho decreased their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.63.

American Electric Power Trading Up 1.2%

NASDAQ:AEP opened at $109.14 on Monday. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market capitalization of $58.37 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.46. The business’s 50-day simple moving average is $110.54 and its 200-day simple moving average is $106.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the business posted $1.25 EPS. American Electric Power’s revenue for the quarter was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.