Probity Advisors Inc. Has $1.48 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Probity Advisors Inc. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,252 shares of the company’s stock after purchasing an additional 175 shares during the period. Probity Advisors Inc.’s holdings in American Electric Power were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AEP. Nuveen LLC acquired a new stake in shares of American Electric Power during the first quarter worth $568,042,000. GQG Partners LLC raised its position in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Wellington Management Group LLP raised its position in shares of 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 worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the period. Bessemer Group Inc. raised its position in shares of American Electric Power by 4,567.3% during the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock worth $192,827,000 after purchasing an additional 1,726,868 shares during the period. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of American Electric Power during the first quarter worth $153,524,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $117.82 on Tuesday. The business’s 50-day moving average price is $111.98 and its two-hundred day moving average price is $107.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $120.46. The company has a market capitalization of $63.01 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AEP shares. Cowen started coverage on American Electric Power in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Jefferies Financial Group upped their price target on American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research report on Thursday. Evercore ISI began coverage on American Electric Power in a research report on Monday, October 6th. They set an “outperform” rating and a $133.00 price target on the stock. Morgan Stanley dropped their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Scotiabank upped their price target on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus price target of $119.26.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was 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 $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 11,006 shares of company stock worth $1,243,522 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

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.