Commerzbank Aktiengesellschaft FI Has $5.96 Million Position in American Electric Power Company, Inc. $AEP

Commerzbank Aktiengesellschaft FI lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 462.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 52,953 shares of the company’s stock after acquiring an additional 43,533 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Electric Power were worth $5,958,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in American Electric Power in the 3rd quarter valued at approximately $26,000. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power in the third quarter valued at $26,000. Advantage Trust Co lifted its position in American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. boosted its stake in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after buying an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in American Electric Power by 3,000.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $116.63 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The firm has a market cap of $62.29 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.63. American Electric Power Company, Inc. has a 12 month low of $97.05 and a 12 month high of $124.80. The company’s 50-day moving average price is $117.56 and its two-hundred day moving average price is $114.54.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 firm had revenue of $6.01 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 3.3%. American Electric Power’s payout ratio is presently 55.39%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AEP shares. Mizuho raised their price objective on shares of American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. BTIG Research started coverage on American Electric Power in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, UBS Group lowered their price objective on American Electric Power from $114.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.29.

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.