American Electric Power Company, Inc. $AEP Shares Bought by Profund Advisors LLC

Profund Advisors LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,590 shares of the company’s stock after acquiring an additional 10,962 shares during the quarter. Profund Advisors LLC’s holdings in American Electric Power were worth $6,909,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Advantage Trust Co increased its position in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Bayforest Capital Ltd bought a new stake in American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co bought a new position in American Electric Power in the 2nd quarter worth approximately $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power during the 1st quarter worth about $33,000. Finally, GoalVest Advisory LLC grew its holdings in American Electric Power by 277.1% during the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEP shares. Cowen assumed coverage on American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group boosted their price target on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Mizuho lifted their target price on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. The Goldman Sachs Group increased their price target on American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Finally, BMO Capital Markets set a $126.00 price target on shares of American Electric Power in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the sale, the director directly owned 35,898 shares in the company, valued at $4,218,732.96. This trade represents a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,006 shares of company stock valued at $1,243,522. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $121.43 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $122.85. The firm’s 50 day simple moving average is $113.74 and its two-hundred day simple moving average is $108.99. The company has a market capitalization of $64.86 billion, a P/E ratio of 17.70, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results 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). American Electric Power had a net margin of 17.23% and a return on equity of 11.29%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company earned $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. Research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

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.