Edgestream Partners L.P. Purchases Shares of 27,525 American Electric Power Company, Inc. $AEP

Edgestream Partners L.P. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent filing with the SEC. The firm purchased 27,525 shares of the company’s stock, valued at approximately $2,856,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advantage Trust Co grew its stake in American Electric Power by 57.1% during the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. lifted its stake in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the period. Bayforest Capital Ltd bought a new position in shares of American Electric Power during the 1st quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power during the 2nd quarter worth approximately $31,000. Finally, GoalVest Advisory LLC grew its position in shares of American Electric Power by 277.1% during the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after buying an additional 230 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on 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 in the company, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,006 shares of company stock worth $1,851,422. Company insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.0%

NASDAQ:AEP opened at $118.04 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The company has a market cap of $63.04 billion, a PE ratio of 17.21, a PEG ratio of 3.09 and a beta of 0.61. The firm has a 50-day moving average of $118.74 and a 200-day moving average of $111.09.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is currently 55.39%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of American Electric Power from $130.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. UBS Group upped their price objective on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. BMO Capital Markets set a $126.00 target price on American Electric Power in a research note on Thursday, October 30th. Finally, Scotiabank boosted their target price on American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

About American Electric Power

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.