Amundi Has $381.51 Million Stake in American Electric Power Company, Inc. $AEP

Amundi lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,694,659 shares of the company’s stock after acquiring an additional 765,258 shares during the quarter. Amundi owned approximately 0.69% of American Electric Power worth $381,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in American Electric Power by 19.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,193,299 shares of the company’s stock valued at $458,202,000 after buying an additional 675,729 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of American Electric Power by 3.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 7,156 shares of the company’s stock valued at $782,000 after buying an additional 209 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of American Electric Power by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,326,373 shares of the company’s stock valued at $363,473,000 after buying an additional 41,482 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of American Electric Power by 19.7% during the first quarter. Chicago Partners Investment Group LLC now owns 3,165 shares of the company’s stock worth $340,000 after acquiring an additional 520 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.4%

AEP stock opened at $117.54 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. The stock has a market capitalization of $62.78 billion, a P/E ratio of 17.13, a P/E/G ratio of 3.08 and a beta of 0.61. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80. The business has a 50-day moving average of $118.90 and a 200-day moving average of $111.18.

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

American Electric Power Increases Dividend

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

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,006 shares of company stock valued at $1,851,422 over the last quarter. 0.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AEP. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. BMO Capital Markets set a $126.00 target price on shares of American Electric Power in a report on Thursday, October 30th. Finally, Cowen began coverage on shares of American Electric Power in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.85.

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.