American Electric Power Company, Inc. $AEP Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 470,955 shares of the company’s stock after purchasing an additional 51,533 shares during the period. New York State Teachers Retirement System owned about 0.09% of American Electric Power worth $52,982,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in shares of American Electric Power during the 3rd quarter worth approximately $284,000. Miller Howard Investments Inc. NY grew its holdings in American Electric Power by 4.3% during the third quarter. Miller Howard Investments Inc. NY now owns 24,455 shares of the company’s stock worth $2,751,000 after acquiring an additional 1,016 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in American Electric Power by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,149 shares of the company’s stock worth $8,679,000 after acquiring an additional 220 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in American Electric Power by 72.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,074 shares of the company’s stock worth $1,133,000 after acquiring an additional 4,230 shares in the last quarter. Finally, Trueblood Wealth Management LLC lifted its holdings in American Electric Power by 1.7% in the third quarter. Trueblood Wealth Management LLC now owns 6,846 shares of the company’s stock valued at $770,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $116.91 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $62.44 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63. The firm has a 50-day moving average price of $118.14 and a two-hundred day moving average price of $113.57. American Electric Power Company, Inc. has a twelve month low of $92.67 and a twelve month high of $124.80.

American Electric Power (NASDAQ:AEP) last released its quarterly 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). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.95 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is currently 55.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. UBS Group decreased their price objective on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday, December 17th. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.87.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.