497,407 Shares in American Electric Power Company, Inc. $AEP Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired 497,407 shares of American Electric Power Company, Inc. for about $54.35 million, accounting for 0.09% of the company's total shares.
• American Electric Power reported $1.43 earnings per share for the last quarter, exceeding the consensus estimate of $1.27, and achieved a record revenue growth of 11.1% year-over-year.
• The company announced a quarterly dividend of $0.93 per share, with an annualized dividend yield of 3.4% and a payout ratio of 54.39%.

Strs Ohio bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 497,407 shares of the company's stock, valued at approximately $54,352,000. Strs Ohio owned about 0.09% of American Electric Power as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clarius Group LLC lifted its stake in shares of American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after acquiring an additional 95 shares during the period. McIlrath & Eck LLC lifted its stake in American Electric Power by 3.2% in the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after buying an additional 99 shares during the period. Safeguard Investment Advisory Group LLC increased its holdings in shares of American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after acquiring an additional 100 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of American Electric Power by 3.0% in the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock worth $379,000 after acquiring an additional 101 shares in the last quarter. Finally, Ascent Group LLC increased its holdings in shares of American Electric Power by 0.4% in the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after acquiring an additional 102 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Down 0.0%

Shares of American Electric Power stock opened at $108.33 on Thursday. The firm has a market cap of $57.93 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 2.87 and a beta of 0.46. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The stock's 50-day moving average is $109.80 and its 200 day moving average is $106.24. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

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

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.4%. American Electric Power's dividend payout ratio is 54.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEP shares. UBS Group increased their price objective on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a report on Thursday, July 31st. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Scotiabank raised 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. Barclays raised their price objective on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Mizuho set a $116.00 price target on American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $111.29.

About American Electric Power

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.

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