American Electric Power Company, Inc. $AEP Holdings Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 462.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,953 shares of the company’s stock after acquiring an additional 43,533 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Electric Power were worth $5,958,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in American Electric Power by 0.4% during the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after purchasing an additional 197,998 shares during the last quarter. State Street Corp increased its position in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after purchasing an additional 653,712 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of American Electric Power by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock worth $1,379,532,000 after purchasing an additional 285,000 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after buying an additional 432,441 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of American Electric Power by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock valued at $509,709,000 after buying an additional 272,214 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. LADENBURG THALM/SH SH cut their price target on shares of American Electric Power from $124.50 to $117.50 and set a “neutral” rating on the stock in a report on Friday. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Morgan Stanley reissued an “overweight” rating and set a $125.00 target price on shares of American Electric Power in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.29.

Insider Buying and Selling

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, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Performance

NASDAQ:AEP opened at $116.63 on Friday. The firm has a market capitalization of $62.29 billion, a PE ratio of 17.00, a PEG ratio of 2.79 and a beta of 0.63. American Electric Power Company, Inc. has a 1 year low of $97.05 and a 1 year high of $124.80. 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 firm’s fifty day simple moving average is $117.56 and its 200 day simple moving average is $114.54.

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 firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.85 earnings per share. 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 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

American Electric Power Profile

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.