AlphaQuest LLC Takes $2.76 Million Position in American Electric Power Company, Inc. $AEP

Key Points

• AlphaQuest LLC acquired 25,230 shares of American Electric Power Company, Inc. valued at approximately $2.76 million during the first quarter.
• American Electric Power reported a quarterly earnings per share of $1.43, which exceeded analysts' expectations, alongside a revenue of $5.09 billion, reflecting an 11.1% year-over-year increase.
• The company announced a quarterly dividend of $0.93 per share, with a yield of 3.3%, and a dividend payout ratio of 54.39%.

AlphaQuest LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,230 shares of the company's stock, valued at approximately $2,757,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEP. Brighton Jones LLC raised its stake in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after acquiring an additional 1,095 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Electric Power by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,615,930 shares of the company's stock valued at $149,035,000 after acquiring an additional 91,244 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of American Electric Power by 28.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,299 shares of the company's stock valued at $304,000 after acquiring an additional 738 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of American Electric Power by 43.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,247,098 shares of the company's stock valued at $114,922,000 after acquiring an additional 378,292 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its stake in shares of American Electric Power by 2.3% during the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after acquiring an additional 103 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the firm's 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 completion of the transaction, the executive vice president owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 24,173 shares of company stock worth $2,467,015 over the last ninety days. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Down 0.3%

Shares of NASDAQ AEP traded down $0.37 on Tuesday, reaching $112.63. 4,310,131 shares of the company's stock traded hands, compared to its average volume of 3,560,697. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The business's 50 day simple moving average is $108.00 and its two-hundred day simple moving average is $105.66. The company has a market cap of $60.23 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 3.03 and a beta of 0.40. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

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

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Citigroup upped their price objective 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 price objective on shares of American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $111.29.

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.