Mitsubishi UFJ Trust & Banking Corp Has $277.44 Million Stake in American Electric Power Company, Inc. $AEP

Mitsubishi UFJ Trust & Banking Corp boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,673,814 shares of the company’s stock after purchasing an additional 109,581 shares during the period. American Electric Power accounts for about 0.6% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 19th biggest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in American Electric Power were worth $277,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in American Electric Power during the 1st quarter worth approximately $568,042,000. GQG Partners LLC lifted its holdings in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Wellington Management Group LLP grew its stake in shares of American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in American Electric Power in the first quarter valued at $153,524,000. Finally, Burkehill Global Management LP bought a new position in American Electric Power during the 1st quarter worth $120,197,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AEP shares. UBS Group lifted their target price on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Scotiabank upped their target price on American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Raymond James Financial 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 report on Thursday, October 30th. Finally, BMO Capital Markets set a $126.00 price objective on shares of American Electric Power in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

American Electric Power Price Performance

American Electric Power stock opened at $122.73 on Wednesday. The stock has a market capitalization of $65.55 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $123.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The stock’s 50 day moving average price is $114.22 and its two-hundred day moving average price is $109.21.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio is presently 55.39%.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,006 shares of company stock worth $1,243,522 over the last ninety days. 0.07% of the stock is owned by insiders.

American Electric Power Company 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.