American Electric Power Company, Inc. $AEP Shares Bought by Swiss National Bank

Swiss National Bank raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,616,500 shares of the company’s stock after purchasing an additional 114,500 shares during the quarter. Swiss National Bank owned 0.30% of American Electric Power worth $167,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of American Electric Power by 2.3% during the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock worth $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC raised its position in American Electric Power by 1.7% during the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after buying an additional 94 shares during the last quarter. McIlrath & Eck LLC raised its position in American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares during the last quarter. Advantage Trust Co lifted 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 period. Finally, Taylor Financial Group Inc. boosted its holdings in shares of American Electric Power by 1.9% in the 2nd quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock valued at $558,000 after acquiring an additional 100 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction that occurred on 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 directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,006 shares of company stock valued at $1,851,422. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.0%

Shares of AEP stock opened at $120.84 on Friday. The firm has a market capitalization of $64.54 billion, a P/E ratio of 17.62, a PEG ratio of 3.22 and a beta of 0.52. The stock’s fifty day moving average is $116.36 and its two-hundred day moving average is $109.99. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. 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. Stockholders of record on Monday, November 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Wells Fargo & Company increased their price target on American Electric Power from $132.00 to $139.00 in a research report on Thursday, October 30th. Scotiabank boosted their price objective 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. UBS Group upped their target price on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.