Yaupon Capital Management LP Takes Position in American Electric Power Company, Inc. $AEP

Yaupon Capital Management LP purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 900,000 shares of the company’s stock, valued at approximately $98,343,000. American Electric Power comprises 5.0% of Yaupon Capital Management LP’s investment portfolio, making the stock its largest position. Yaupon Capital Management LP owned about 0.17% of American Electric Power at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of American Electric Power by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after purchasing an additional 579,175 shares in the last quarter. Wellington Management Group LLP increased its position in 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 valued at $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GQG Partners LLC raised its position 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 purchasing an additional 4,570,941 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of American Electric Power by 1.2% during the fourth quarter. Royal Bank of Canada now owns 7,047,428 shares of the company’s stock worth $649,983,000 after buying an additional 85,756 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of American Electric Power by 51.0% in the fourth quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company’s stock valued at $591,791,000 after purchasing an additional 2,165,888 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of American Electric Power in a report on Thursday, August 21st. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Barclays upped their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. UBS Group raised their target price on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Finally, Scotiabank upped their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.29.

American Electric Power Stock Down 0.5%

Shares of NASDAQ AEP opened at $107.55 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The stock has a market cap of $57.52 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46. The business has a 50-day moving average price of $109.62 and a 200 day moving average price of $106.21. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be given a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. American Electric Power’s payout ratio is currently 54.39%.

Insider Activity at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

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.