R Squared Ltd Grows Position in American Electric Power Company, Inc. $AEP

R Squared Ltd boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 82.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,080 shares of the company’s stock after purchasing an additional 2,300 shares during the period. R Squared Ltd’s holdings in American Electric Power were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Eagle Strategies LLC raised its position in shares of American Electric Power by 1.7% in 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 period. McIlrath & Eck LLC raised its holdings in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after purchasing an additional 99 shares during the period. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of American Electric Power by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after purchasing an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. increased its position in American Electric Power by 1.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after purchasing an additional 104 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AEP shares. BMO Capital Markets lifted their price target on shares of American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. TD Cowen started coverage on shares of American Electric Power in a research report on Thursday, October 16th. They set a “buy” rating and a $133.00 price target for the company. Morgan Stanley increased their price target on American Electric Power from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group boosted their price objective 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 began coverage on American Electric Power in a research note on Monday, October 6th. They issued an “outperform” rating and a $133.00 target price for the company. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $119.74.

American Electric Power Stock Performance

AEP stock opened at $116.18 on Friday. The company has a 50-day simple moving average of $112.23 and a 200 day simple moving average of $107.82. The company has a market capitalization of $62.13 billion, a P/E ratio of 16.99, a PEG ratio of 3.10 and a beta of 0.48. 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 fifty-two week low of $89.91 and a fifty-two week high of $120.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business posted $1.25 EPS. The business’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. Sell-side analysts predict 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 disclosed 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 3.3%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. American Electric Power’s payout ratio is currently 54.39%.

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, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s 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 completion of the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,006 shares of company stock valued at $1,243,522 in the last ninety days. Company insiders own 0.07% of the company’s stock.

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.