Forsta AP Fonden Raises Stake in American Electric Power Company, Inc. $AEP

Forsta AP Fonden grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,000 shares of the company’s stock after acquiring an additional 5,800 shares during the quarter. Forsta AP Fonden’s holdings in American Electric Power were worth $17,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AEP. Nuveen LLC acquired a new stake in American Electric Power during the first quarter worth about $568,042,000. GQG Partners LLC grew its stake in shares of American Electric Power by 30.4% in the 1st 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 during the period. Wellington Management Group LLP increased its holdings in shares of American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after buying an additional 4,323,569 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at approximately $153,524,000. Finally, Burkehill Global Management LP acquired a new position in American Electric Power in the first quarter valued at approximately $120,197,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. Citigroup raised their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Barclays boosted their price objective on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Wells Fargo & Company increased their target price on shares of American Electric Power from $132.00 to $139.00 in a research note 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, JPMorgan Chase & Co. upped their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.50.

Insider Activity

In other news, 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 completion of the transaction, 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. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 11,006 shares of company stock valued at $1,243,522 in the last quarter. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $122.68 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $123.31. The firm has a market cap of $65.52 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company’s 50 day moving average is $114.48 and its two-hundred day moving average is $109.31.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share 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 analysts’ expectations 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 posted $1.85 EPS. 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 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 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.