Exchange Traded Concepts LLC Acquires 1,129 Shares of American Electric Power Company, Inc. $AEP

Exchange Traded Concepts LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,985 shares of the company’s stock after acquiring an additional 1,129 shares during the period. Exchange Traded Concepts LLC’s holdings in American Electric Power were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. Nuveen LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $568,042,000. GQG Partners LLC boosted its position in American Electric Power by 30.4% in the first 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 in the last quarter. Wellington Management Group LLP boosted its position in American Electric Power by 24.3% in the first 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. GAMMA Investing LLC boosted its position in American Electric Power by 13,499.5% in the first quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company’s stock valued at $234,954,000 after buying an additional 2,134,404 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock valued at $192,827,000 after buying an additional 1,726,868 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.0%

NASDAQ:AEP opened at $107.05 on Tuesday. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.83 and a beta of 0.46. The firm has a fifty day simple moving average of $110.33 and a two-hundred day simple moving average of $106.37. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. American Electric Power’s quarterly revenue was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.5%. American Electric Power’s dividend payout ratio is currently 54.39%.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AEP shares. Barclays raised their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. UBS Group upped their price target on shares of American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research report on Thursday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Mizuho decreased their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Scotiabank upped their price target on shares of 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. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.50.

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.