Commerzbank Aktiengesellschaft FI Purchases 701 Shares of American Electric Power Company, Inc. $AEP

Commerzbank Aktiengesellschaft FI lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,420 shares of the company’s stock after purchasing an additional 701 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Electric Power were worth $978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AEP. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power in the first quarter worth approximately $25,000. Bayforest Capital Ltd bought a new position in shares of American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power in the second quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power in the first quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. bought a new stake in American Electric Power in the first quarter valued at $35,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

American Electric Power Stock Performance

Shares of AEP stock opened at $117.04 on Friday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The stock has a market cap of $62.59 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The company’s fifty day moving average price is $111.44 and its 200-day moving average price is $107.13.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent analyst reports. Scotiabank lifted their price target on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Jefferies Financial Group cut their price target on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley cut their price target on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, LADENBURG THALM/SH SH cut their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Electric Power has an average rating of “Hold” and an average price target of $114.50.

About American Electric Power

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.