General American Investors Co. Inc. Takes $11.25 Million Position in American Electric Power Company, Inc. $AEP

General American Investors Co. Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $11,250,000.

A number of other hedge funds have also added to or reduced their stakes in AEP. Meeder Asset Management Inc. bought a new stake in American Electric Power during the 3rd quarter worth about $26,000. Harbor Capital Advisors Inc. bought a new stake in American Electric Power during the third quarter worth about $26,000. Advantage Trust Co boosted its position in American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. boosted its position in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Finally, Osterweis Capital Management Inc. grew its stake in American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This trade 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. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 1.2%

AEP stock opened at $118.02 on Tuesday. American Electric Power Company, Inc. has a one year low of $97.32 and a one year high of $124.80. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.78 and a beta of 0.63. The company has a fifty day moving average price of $117.44 and a two-hundred day moving average price of $114.69. 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 issued 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 company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s payout ratio is currently 55.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on American Electric Power from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Williams Trading set a $137.00 target price on shares of American Electric Power in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Finally, Siebert Williams Shank began coverage on shares of American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.29.

American Electric Power 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.