American Electric Power Company, Inc. $AEP Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 301,513 shares of the company’s stock after buying an additional 94,707 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Electric Power were worth $31,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co raised its stake in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Montag A & Associates Inc. grew its stake in shares of American Electric Power by 166.0% in the 2nd 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. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the first quarter valued at approximately $31,000. Missouri Trust & Investment Co purchased a new stake in shares of American Electric Power during the second quarter worth approximately $31,000. Finally, GoalVest Advisory LLC lifted its holdings in shares of American Electric Power by 277.1% during the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling 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 dated Friday, November 14th. The shares were sold at an average price of $121.58, for a total value of $607,900.00. Following the sale, the director directly owned 30,898 shares in the company, valued at $3,756,578.84. The trade was a 13.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,006 shares of company stock worth $1,851,422 in the last three months. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AEP. The Goldman Sachs Group boosted their price objective on shares of American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. BTIG Research assumed coverage on American Electric Power in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.03.

American Electric Power Stock Down 0.2%

AEP stock opened at $123.51 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $115.62 and its 200 day moving average price is $109.73. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80. The company has a market cap of $65.97 billion, a P/E ratio of 18.00, a P/E/G ratio of 3.22 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company 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 11.29%. American Electric Power’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.95 per share. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

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.