237,850 Shares in American Electric Power Company, Inc. $AEP Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC has acquired 237,850 shares of American Electric Power Company, valued at approximately $25.99 million, marking a significant addition to its portfolio.
• American Electric Power reported earnings of $1.43 per share for the last quarter, exceeding expectations, with a revenue of $5.09 billion—up 11.1% year-over-year.
• The company declared a quarterly dividend of $0.93 per share, scheduled to be paid on September 10th, reflecting an annualized yield of 3.3%.

Ceredex Value Advisors LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 237,850 shares of the company's stock, valued at approximately $25,990,000.

A number of other institutional investors have also bought and sold shares of AEP. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power during the first quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in American Electric Power in the 4th quarter worth $28,000. Bank of New Hampshire bought a new position in shares of American Electric Power during the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power during the first quarter valued at about $33,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of American Electric Power during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research analyst reports. UBS Group increased their price target on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Citigroup upped their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Mizuho set a $116.00 target price on shares of American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, Scotiabank upped their price objective on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $111.29.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. This trade represents a 43.96% 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. Over the last three months, insiders have sold 24,173 shares of company stock valued at $2,467,015. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Trading Down 1.0%

American Electric Power stock traded down $1.11 during trading hours on Thursday, hitting $111.78. The company had a trading volume of 3,697,314 shares, compared to its average volume of 3,371,490. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $59.78 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.99 and a beta of 0.40. The company has a 50-day moving average price of $108.66 and a two-hundred day moving average price of $105.83. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power's payout ratio is currently 54.39%.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.