6,583 Shares in American Electric Power Company, Inc. $AEP Purchased by Volterra Technologies LP

Volterra Technologies LP purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,583 shares of the company’s stock, valued at approximately $683,000.

Several other hedge funds have also recently added to or reduced their stakes in AEP. GQG Partners LLC grew its holdings 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 worth $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the period. Ghisallo Capital Management LLC purchased a new stake in American Electric Power in the 1st quarter valued at about $153,524,000. Assenagon Asset Management S.A. lifted its position in American Electric Power by 318.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,244,640 shares of the company’s stock valued at $129,144,000 after buying an additional 947,418 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in American Electric Power by 39.0% during the first quarter. Raymond James Financial Inc. now owns 3,330,280 shares of the company’s stock worth $363,900,000 after buying an additional 934,287 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 1.6%

American Electric Power stock opened at $114.16 on Thursday. The firm has a market capitalization of $60.97 billion, a P/E ratio of 16.64, a P/E/G ratio of 3.03 and a beta of 0.61. The stock’s fifty day simple moving average is $119.12 and its 200-day simple moving average is $111.51. 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 current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last issued its quarterly 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 analysts’ expectations of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.3%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s dividend payout ratio is 55.39%.

Insider Buying and Selling

In other news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The shares were 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. The trade was a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,006 shares of company stock valued at $1,851,422 in the last quarter. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Morgan Stanley decreased their price target on American Electric Power from $130.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Barclays raised their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Raymond James Financial reiterated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Finally, Citigroup increased their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Two investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $125.85.

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.