Marshall Wace LLP Sells 240,547 Shares of American Electric Power Company, Inc. $AEP

Marshall Wace LLP decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,890,177 shares of the company’s stock after selling 240,547 shares during the period. Marshall Wace LLP owned 0.35% of American Electric Power worth $196,125,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in 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 for the company in a research note on Thursday, November 20th. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. LADENBURG THALM/SH SH boosted their target price on American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Wells Fargo & Company raised their price target on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.85.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’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 transaction of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. This trade represents a 10.89% 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, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were 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 of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,006 shares of company stock worth $1,851,422. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Down 0.0%

Shares of AEP stock opened at $118.04 on Friday. The company has a market cap of $63.04 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 3.09 and a beta of 0.61. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80. The stock’s 50 day simple moving average is $118.74 and its two-hundred day simple moving average is $111.09. 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 (NASDAQ:AEP) last released its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company 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 business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.2%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

American Electric Power Company 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.