American Electric Power Company, Inc. $AEP Position Boosted by NTV Asset Management LLC

NTV Asset Management LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,114 shares of the company’s stock after purchasing an additional 977 shares during the period. NTV Asset Management LLC’s holdings in American Electric Power were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of American Electric Power by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after purchasing an additional 579,175 shares in the last quarter. Wellington Management Group LLP lifted its stake in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GQG Partners LLC lifted its stake in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Northern Trust Corp lifted its stake in American Electric Power by 8.0% during the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after buying an additional 386,518 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in American Electric Power during the first quarter valued at about $568,042,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AEP shares. Scotiabank upped their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Saturday, September 27th. Barclays increased their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group dropped their price objective on American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Electric Power has an average rating of “Hold” and a consensus price target of $111.63.

American Electric Power Trading Up 0.5%

Shares of AEP stock opened at $114.06 on Friday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $110.87 and its two-hundred day moving average is $106.70. The company has a market cap of $61.00 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.00 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the company posted $1.25 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

About American Electric Power

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.