American Electric Power Company, Inc. $AEP Shares Purchased by Diversified Trust Co

Diversified Trust Co lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 61.8% in the third quarter, HoldingsChannel reports. The fund owned 12,868 shares of the company’s stock after purchasing an additional 4,913 shares during the quarter. Diversified Trust Co’s holdings in American Electric Power were worth $1,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AEP. West Family Investments Inc. bought a new stake in American Electric Power in the second quarter worth about $256,000. Venture Visionary Partners LLC grew its stake in shares of American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares during the last quarter. Invesco Ltd. grew its stake in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Bryn Mawr Trust Advisors LLC bought a new stake in shares of American Electric Power in the 2nd quarter worth approximately $258,000. Finally, SteelPeak Wealth LLC acquired a new stake in American Electric Power during the second quarter valued at approximately $7,722,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Citigroup upped 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. Finally, Cowen initiated coverage on American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.87.

Insider Activity at American Electric Power

In related 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 shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 15,000 shares of company stock worth $1,770,850 in the last ninety days. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

AEP opened at $115.31 on Thursday. The firm has a market capitalization of $61.59 billion, a P/E ratio of 16.81, a PEG ratio of 3.03 and a beta of 0.61. The stock has a fifty day moving average of $118.56 and a 200-day moving average of $112.84. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $124.80.

American Electric Power (NASDAQ:AEP) last posted 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). The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s payout ratio is currently 55.39%.

About American Electric Power

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.