Asset Management One Co. Ltd. Purchases 3,621 Shares of American Electric Power Company, Inc. $AEP

Asset Management One Co. Ltd. grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 218,593 shares of the company’s stock after acquiring an additional 3,621 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American Electric Power were worth $22,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. Advantage Trust Co boosted its position in shares of 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 acquiring an additional 100 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $31,000. Missouri Trust & Investment Co bought a new position in shares of American Electric Power during the 2nd quarter valued at approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $35,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AEP shares. BMO Capital Markets increased their target price on American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Morgan Stanley raised their price target on American Electric Power from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on American Electric Power from $116.00 to $128.00 and gave the stock a “hold” rating in a research report on Thursday, October 16th. Barclays raised their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Finally, Raymond James Financial restated an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $119.74.

American Electric Power Stock Performance

AEP stock opened at $115.98 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business’s fifty day simple moving average is $112.31 and its two-hundred day simple moving average is $107.97. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $120.46. The firm has a market cap of $62.02 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.06 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.85 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s payout ratio is 54.39%.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the transaction, the director owned 35,898 shares in the company, valued at approximately $4,218,732.96. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,006 shares of company stock worth $1,243,522. Insiders own 0.07% of the company’s stock.

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.