Lockheed Martin Investment Management Co. Has $11.21 Million Stock Position in American Electric Power Company, Inc. $AEP

Lockheed Martin Investment Management Co. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,600 shares of the company’s stock after purchasing an additional 6,900 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in American Electric Power were worth $11,205,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power during the third quarter worth about $26,000. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power in the third quarter valued at approximately $26,000. Advantage Trust Co raised its holdings in shares of American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Montag A & Associates Inc. raised its holdings in shares of 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 acquiring an additional 176 shares during the period. Finally, Missouri Trust & Investment Co bought a new stake in American Electric Power in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. BTIG Research started coverage on American Electric Power in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Mizuho raised their price target on shares of American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, LADENBURG THALM/SH SH increased their target price on shares of American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a report on Thursday, November 20th. 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.66.

American Electric Power Trading Down 1.5%

American Electric Power stock opened at $117.18 on Friday. The stock has a 50-day simple moving average of $117.65 and a 200 day simple moving average of $114.38. The stock has a market capitalization of $62.58 billion, a P/E ratio of 17.08, a PEG ratio of 2.84 and a beta of 0.63. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power Company, Inc. has a 52 week low of $97.05 and a 52 week high of $124.80.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 business had revenue of $6.01 billion during 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 11.00%. 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 earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.