Strs Ohio Has $42.73 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Strs Ohio cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,772 shares of the company’s stock after selling 85,635 shares during the quarter. Strs Ohio owned about 0.08% of American Electric Power worth $42,725,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Advantage Trust Co grew its holdings in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Bayforest Capital Ltd acquired a new stake in American Electric Power during the first quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new stake in American Electric Power during the second quarter worth approximately $31,000. GoalVest Advisory LLC grew its stake in American Electric Power by 277.1% during the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after purchasing an additional 230 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power during the first quarter worth approximately $33,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.2%

Shares of NASDAQ:AEP opened at $121.89 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 stock has a market cap of $65.19 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 3.22 and a beta of 0.48. The business’s 50 day moving average is $112.82 and its 200 day moving average is $108.41. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $122.85.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.American Electric Power’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Analyst Ratings Changes

Several brokerages have recently commented on AEP. Morgan Stanley raised their price objective on shares of American Electric Power from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday. Cowen started coverage on shares of American Electric Power in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Jefferies Financial Group raised their price target on shares of American Electric Power from $116.00 to $128.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. The Goldman Sachs Group raised their target price on American Electric Power from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, TD Cowen initiated coverage on American Electric Power in a research note on Thursday, October 16th. They issued a “buy” rating and a $133.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $122.44.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s 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 transaction, the director owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred on 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 owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,006 shares of company stock worth $1,243,522 in the last 90 days. Company insiders own 0.07% of the company’s stock.

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.