6,171 American Electric Power Company, Inc. $AEP Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 66.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,436 shares of the company’s stock after buying an additional 6,171 shares during the period. Machina Capital S.A.S.’s holdings in American Electric Power were worth $1,831,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in American Electric Power in the second quarter worth approximately $6,980,601,000. Wellington Management Group LLP grew its holdings in American Electric Power by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company’s stock worth $1,897,829,000 after acquiring an additional 715,613 shares in the last quarter. Bank of America Corp DE acquired a new position in American Electric Power during the 2nd quarter worth approximately $1,678,638,000. GQG Partners LLC purchased a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $1,404,094,000. Finally, Legal & General Group Plc purchased a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $680,638,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AEP. Wells Fargo & Company raised their price objective on shares of American Electric Power from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Citigroup lowered their target price on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. BMO Capital Markets dropped their target price on American Electric Power from $139.00 to $135.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Truist Financial cut their price target on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Sixteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.83.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $128.91 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52 week low of $112.54 and a 52 week high of $140.58. The firm’s 50 day moving average is $124.43 and its two-hundred day moving average is $128.40. The firm has a market capitalization of $70.20 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.65 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.19. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Research analysts forecast that American Electric Power Company, Inc. will post 6.44 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $0.97 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. American Electric Power’s payout ratio is currently 62.68%.

Insider Activity

In other news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

American Electric Power Profile

American Electric Power Company, Inc. (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers. AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.