Nisa Investment Advisors LLC Has $6.79 Million Holdings in American Electric Power Company, Inc. $AEP

Nisa Investment Advisors LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,357 shares of the company’s stock after acquiring an additional 4,424 shares during the period. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $6,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. bought a new position in shares of American Electric Power during the 3rd quarter valued at about $47,000. Ferguson Wellman Capital Management Inc. increased its stake in American Electric Power by 52.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 851,281 shares of the company’s stock worth $95,769,000 after purchasing an additional 291,506 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in American Electric Power by 2.0% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 60,031 shares of the company’s stock worth $6,753,000 after buying an additional 1,150 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in American Electric Power by 203.0% in the third quarter. Kingswood Wealth Advisors LLC now owns 12,494 shares of the company’s stock valued at $1,406,000 after buying an additional 8,370 shares in the last quarter. Finally, Citizens National Bank Trust Department lifted its stake in American Electric Power by 5.4% in the third quarter. Citizens National Bank Trust Department now owns 27,358 shares of the company’s stock valued at $3,078,000 after buying an additional 1,391 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 0.8%

American Electric Power stock opened at $116.91 on Friday. 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 Company, Inc. has a 1-year low of $92.67 and a 1-year high of $124.80. The company has a fifty day simple moving average of $118.14 and a 200 day simple moving average of $113.49. The company has a market cap 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.

American Electric Power (NASDAQ:AEP) last posted 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 business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company’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 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a $0.95 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, November 10th. American Electric Power’s dividend payout ratio is 55.39%.

Insider Buying and Selling at American Electric Power

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 sale, the director owned 25,898 shares in the company, valued at $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $120.00 price objective on shares of American Electric Power in a research report on Tuesday, December 16th. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Scotiabank boosted their price target on American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, December 16th. Finally, Williams Trading set a $137.00 price objective on American Electric Power in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $126.87.

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.