Voleon Capital Management LP Purchases New Position in American Electric Power Company, Inc. $AEP

Voleon Capital Management LP purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, Holdings Channel reports. The institutional investor purchased 2,452 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake in shares of American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after buying an additional 430 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of American Electric Power during the 1st quarter valued at approximately $262,000. Robertson Stephens Wealth Management LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at approximately $205,000. GAMMA Investing LLC lifted its stake in shares of American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after buying an additional 3,867 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of American Electric Power by 26.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company’s stock valued at $38,848,000 after buying an additional 73,488 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of American Electric Power in a research note on Thursday, August 21st. UBS Group raised their price target on shares of American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a report on Thursday, July 31st. Barclays raised their price target on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Mizuho set a $116.00 price target on shares of American Electric Power and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $111.29.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $108.36 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The company has a market capitalization of $57.95 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.85 and a beta of 0.46. The company has a fifty day moving average of $109.70 and a 200-day moving average of $106.22.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) 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 the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.25 EPS. The firm’s 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. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power’s payout ratio is currently 54.39%.

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.