PKO Investment Management Joint Stock Co Makes New Investment in American Electric Power Company, Inc. $AEP

PKO Investment Management Joint Stock Co acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,300 shares of the company’s stock, valued at approximately $1,721,000.

Several other institutional investors also recently bought and sold shares of AEP. Harbor Capital Advisors Inc. purchased a new position in American Electric Power in the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of American Electric Power in the third quarter worth $26,000. Advantage Trust Co raised its holdings in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Montag A & Associates Inc. boosted its position in American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares during the period. Finally, Missouri Trust & Investment Co bought a new stake in American Electric Power in the 2nd quarter worth $31,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.3%

Shares of NASDAQ:AEP opened at $116.57 on Tuesday. The firm has a market capitalization of $62.26 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.85 and a beta of 0.63. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. The stock has a 50 day moving average price of $118.07 and a 200-day moving average price of $113.67. American Electric Power Company, Inc. has a 52-week low of $92.76 and a 52-week high of $124.80.

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 firm had revenue of $6.01 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated 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 owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEP. Morgan Stanley set a $120.00 price objective on shares of American Electric Power in a research note on Tuesday, December 16th. 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. BTIG Research started coverage on American Electric Power in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Jefferies Financial Group upgraded American Electric Power from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $128.00 to $137.00 in a research report on Monday, November 17th. Finally, TD Cowen raised American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.29.

American Electric Power Profile

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.