Sivia Capital Partners LLC Buys 2,931 Shares of American Electric Power Company, Inc. $AEP

Sivia Capital Partners LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 149.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,891 shares of the company’s stock after buying an additional 2,931 shares during the quarter. Sivia Capital Partners LLC’s holdings in American Electric Power were worth $507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Radnor Capital Management LLC grew its stake in shares of American Electric Power by 11.6% during the second quarter. Radnor Capital Management LLC now owns 4,789 shares of the company’s stock worth $497,000 after buying an additional 496 shares during the last quarter. Sapient Capital LLC grew its stake in shares of American Electric Power by 16.8% in the second quarter. Sapient Capital LLC now owns 2,339 shares of the company’s stock worth $243,000 after purchasing an additional 337 shares during the last quarter. Mirador Capital Partners LP grew its stake in shares of American Electric Power by 10.3% in the second quarter. Mirador Capital Partners LP now owns 11,084 shares of the company’s stock worth $1,150,000 after purchasing an additional 1,037 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in shares of American Electric Power in the second quarter worth $536,000. Finally, Czech National Bank grew its stake in shares of American Electric Power by 6.6% in the second quarter. Czech National Bank now owns 130,576 shares of the company’s stock worth $13,549,000 after purchasing an additional 8,112 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.6%

AEP opened at $107.52 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The firm has a market capitalization of $57.50 billion, a PE ratio of 15.72, a P/E/G ratio of 2.83 and a beta of 0.46. The company’s 50-day moving average is $110.24 and its 200 day moving average is $106.30.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s dividend payout ratio is presently 54.39%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AEP. Raymond James Financial reissued an “outperform” rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Scotiabank boosted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Jefferies Financial Group reduced their price objective on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley reissued an “overweight” rating on shares of American Electric Power in a research note on Thursday, August 21st. Finally, Barclays boosted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.50.

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.