Edgestream Partners L.P. Makes New $2.86 Million Investment in American Electric Power Company, Inc. $AEP

Edgestream Partners L.P. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,525 shares of the company’s stock, valued at approximately $2,856,000.

Several other large investors have also recently made changes to their positions in AEP. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock worth $5,444,057,000 after buying an additional 197,998 shares during the last quarter. Wellington Management Group LLP increased its holdings in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after buying an additional 4,323,569 shares during the last quarter. GQG Partners LLC raised its position in American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares during the period. Geode Capital Management LLC boosted its stake in American Electric Power by 2.2% in the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after acquiring an additional 285,000 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in American Electric Power by 8.0% in the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after acquiring an additional 386,518 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEP. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. BMO Capital Markets set a $126.00 price objective on American Electric Power in a report on Thursday, October 30th. Citigroup raised their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Mizuho increased their price target on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Two equities research 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’s stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the business’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 transaction of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’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 transaction of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,006 shares of company stock valued at $1,851,422 over the last 90 days. 0.07% of the stock is owned by company insiders.

American Electric Power Trading Down 0.0%

Shares of AEP stock opened at $118.04 on Friday. The stock has a market capitalization of $63.04 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.09 and a beta of 0.61. The company’s fifty day simple moving average is $118.74 and its two-hundred day simple moving average is $111.09. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the firm posted $1.85 earnings per share. 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. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend 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 dividend yield of 3.2%. American Electric Power’s payout ratio is currently 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.