iA Global Asset Management Inc. Grows Position in American Electric Power Company, Inc. $AEP

iA Global Asset Management Inc. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 48.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 87,856 shares of the company’s stock after purchasing an additional 28,698 shares during the quarter. iA Global Asset Management Inc.’s holdings in American Electric Power were worth $9,884,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. West Family Investments Inc. acquired a new stake in shares of American Electric Power during the second quarter worth $256,000. Venture Visionary Partners LLC grew its position in shares of American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock valued at $7,080,000 after buying an additional 4,616 shares during the last quarter. Apollon Wealth Management LLC raised its stake in American Electric Power by 9.0% during the second quarter. Apollon Wealth Management LLC now owns 26,240 shares of the company’s stock worth $2,723,000 after acquiring an additional 2,175 shares during the period. Invesco Ltd. raised its stake in American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after acquiring an additional 432,441 shares during the period. Finally, CWM LLC lifted its holdings in American Electric Power by 807.5% in the third quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after acquiring an additional 234,689 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.5%

Shares of AEP stock opened at $116.63 on Friday. 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 Company, Inc. has a 1 year low of $97.05 and a 1 year high of $124.80. The stock has a fifty day moving average of $117.56 and a two-hundred day moving average of $114.46. The firm has a market capitalization of $62.29 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results 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 net margin of 17.23% and a return on equity of 11.00%. American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is currently 55.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AEP. Citigroup upped their target price on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. TD Cowen raised American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. Morgan Stanley reissued an “overweight” rating and set a $125.00 price target on shares of American Electric Power in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of American Electric Power from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.66.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.

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.