Tema Etfs LLC Buys 9,534 Shares of American Electric Power Company, Inc. $AEP

Tema Etfs LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 34.8% in the second quarter, HoldingsChannel.com reports. The firm owned 36,909 shares of the company’s stock after purchasing an additional 9,534 shares during the quarter. Tema Etfs LLC’s holdings in American Electric Power were worth $3,830,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in American Electric Power in the 1st quarter valued at $568,042,000. GQG Partners LLC lifted its stake in shares of American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares during the period. Wellington Management Group LLP boosted its holdings in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in American Electric Power in the first quarter worth about $153,524,000. Finally, Burkehill Global Management LP bought a new stake in American Electric Power during the 1st quarter worth about $120,197,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. LADENBURG THALM/SH SH lifted their price target on shares of 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 objective on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, Citigroup raised their price target on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and an average target price of $125.85.

American Electric Power Trading Down 0.0%

AEP opened at $118.04 on Friday. The firm’s fifty day moving average is $118.74 and its two-hundred day moving average is $111.09. The firm 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 twelve month low of $89.91 and a twelve month high of $124.80. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The firm had revenue of $6.01 billion during 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%. American Electric Power’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current 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 issued a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 annualized dividend and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders 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 owned by insiders.

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.