American Electric Power Company, Inc. $AEP Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.3% during the third quarter, HoldingsChannel reports. The firm owned 470,955 shares of the company’s stock after purchasing an additional 51,533 shares during the quarter. New York State Teachers Retirement System’s holdings in American Electric Power were worth $52,982,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in American Electric Power in the 3rd quarter worth about $26,000. Advantage Trust Co lifted its holdings in shares of American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Montag A & Associates Inc. boosted its position in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the first quarter worth approximately $31,000. Finally, Missouri Trust & Investment Co purchased a new stake in American Electric Power in the second quarter valued at approximately $31,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP stock opened at $116.91 on Monday. The stock’s 50 day moving average is $118.14 and its two-hundred day moving average is $113.57. American Electric Power Company, Inc. has a 52-week low of $92.67 and a 52-week high of $124.80. The company has a market capitalization of $62.44 billion, a PE ratio of 17.04, a P/E/G ratio of 2.85 and a beta of 0.63. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last issued its 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). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company posted $1.85 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a $0.95 dividend. This is a boost 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 of this dividend was Monday, November 10th. American Electric Power’s dividend payout ratio is presently 55.39%.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director directly owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. UBS Group dropped their price target on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Citigroup boosted their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company increased their target price on shares of American Electric Power from $132.00 to $139.00 in a research report on Thursday, October 30th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently 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.