QRG Capital Management Inc. Has $12.86 Million Stake in American Electric Power Company, Inc. $AEP

QRG Capital Management Inc. lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,300 shares of the company’s stock after selling 32,848 shares during the quarter. QRG Capital Management Inc.’s holdings in American Electric Power were worth $12,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AEP. Waters Parkerson & CO. LLC grew its stake in American Electric Power by 24.2% during the third quarter. Waters Parkerson & CO. LLC now owns 20,690 shares of the company’s stock worth $2,328,000 after purchasing an additional 4,037 shares during the period. Vectors Research Management LLC boosted its holdings in shares of American Electric Power by 3.0% during the 3rd quarter. Vectors Research Management LLC now owns 23,353 shares of the company’s stock worth $2,627,000 after buying an additional 681 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of American Electric Power by 16.6% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 119,284 shares of the company’s stock worth $13,420,000 after buying an additional 17,018 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. grew its position in shares of American Electric Power by 14.4% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 9,990 shares of the company’s stock worth $1,124,000 after buying an additional 1,261 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of American Electric Power by 2.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,434 shares of the company’s stock valued at $2,186,000 after acquiring an additional 476 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

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, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AEP shares. Morgan Stanley set a $120.00 price objective on shares of American Electric Power in a report on Tuesday, December 16th. BMO Capital Markets dropped their price target on American Electric Power from $126.00 to $123.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 13th. UBS Group reduced their price objective on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Mizuho upped their target price on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company increased their target price on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.13.

American Electric Power Trading Up 0.5%

NASDAQ AEP opened at $119.96 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $117.93 and a 200 day simple moving average of $114.02. American Electric Power Company, Inc. has a 12 month low of $96.80 and a 12 month high of $124.80. The firm has a market capitalization of $64.07 billion, a P/E ratio of 17.49, a PEG ratio of 2.87 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, analysts predict 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 was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a $0.95 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.