American Electric Power Company, Inc. $AEP Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 21.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,714 shares of the company’s stock after buying an additional 40,056 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American Electric Power were worth $23,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of American Electric Power by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,126 shares of the company’s stock valued at $4,494,000 after purchasing an additional 1,678 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of American Electric Power by 6.6% in the first quarter. Crestwood Advisors Group LLC now owns 8,445 shares of the company’s stock valued at $923,000 after purchasing an additional 525 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in American Electric Power by 1.1% during the 1st quarter. HighPoint Advisor Group LLC now owns 21,156 shares of the company’s stock worth $2,295,000 after buying an additional 221 shares during the period. Finally, Ignite Planners LLC lifted its holdings in American Electric Power by 9.3% during the 1st quarter. Ignite Planners LLC now owns 3,970 shares of the company’s stock worth $427,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the sale, the director directly owned 30,898 shares of the company’s stock, valued at $3,756,578.84. The trade was a 13.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s 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 transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 16,006 shares of company stock worth $1,851,422. 0.07% of the stock is owned by corporate insiders.

American Electric Power Stock Down 0.2%

Shares of NASDAQ AEP opened at $123.51 on Wednesday. The company has a market capitalization of $65.97 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. 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 business has a 50-day moving average of $115.62 and a two-hundred day moving average of $109.73. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 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 during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The company’s revenue 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. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, November 10th. This is an increase 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 3.1%. American Electric Power’s dividend payout ratio is 55.39%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several research reports. The Goldman Sachs Group boosted their price target on shares of American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Citigroup lifted their target price on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. BTIG Research assumed coverage on American Electric Power in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.03.

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.