Amundi Acquires 765,258 Shares of American Electric Power Company, Inc. $AEP

Amundi lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 26.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,694,659 shares of the company’s stock after purchasing an additional 765,258 shares during the period. Amundi’s holdings in American Electric Power were worth $381,510,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Great Diamond Partners LLC acquired a new stake in shares of American Electric Power in the 2nd quarter valued at about $329,000. EverSource Wealth Advisors LLC grew its stake in American Electric Power by 35.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,789 shares of the company’s stock valued at $497,000 after buying an additional 1,252 shares in the last quarter. Invesco Ltd. grew its position in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in American Electric Power by 39.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 26,340 shares of the company’s stock worth $2,733,000 after acquiring an additional 7,510 shares during the period. Finally, Plan Group Financial LLC grew its position in American Electric Power by 13.1% during the second quarter. Plan Group Financial LLC now owns 17,753 shares of the company’s stock worth $1,842,000 after buying an additional 2,061 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the sale, the director owned 30,898 shares of the company’s stock, valued at approximately $3,756,578.84. This trade represents a 13.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,006 shares of company stock valued at $1,851,422 in the last ninety days. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.4%

Shares of AEP stock opened at $117.54 on Friday. The firm has a fifty day moving average price of $118.90 and a 200-day moving average price of $111.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. The company has a market cap of $62.78 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.08 and a beta of 0.61. 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 posted its quarterly earnings results 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 return on equity of 11.00% and a net margin of 17.23%.The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The business 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 dividend of $0.95 per share. 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. American Electric Power’s payout ratio is presently 55.39%.

Analyst Ratings Changes

AEP has been the topic of a number of research reports. Morgan Stanley lowered their price target on American Electric Power from $130.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Citigroup increased their target price on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. The Goldman Sachs Group increased their target price on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group raised American Electric Power from a “hold” rating to a “buy” rating and increased their target price for the stock from $128.00 to $137.00 in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

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.