Eventide Asset Management LLC Takes $547,000 Position in American Electric Power Company, Inc. $AEP

Key Points

• Eventide Asset Management LLC has purchased 5,112 shares of American Electric Power Company, Inc. ($AEP), valued at approximately $547,000, indicating ongoing institutional interest in the company.
• American Electric Power recently reported an earnings per share (EPS) of $1.43, exceeding analyst expectations of $1.27 and showing a year-over-year revenue increase of 11.1%.
• The company announced a quarterly dividend of $0.93 per share, offering investors an annualized yield of 3.4%, with a payout ratio of 54.39%.

Eventide Asset Management LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,112 shares of the company's stock, valued at approximately $547,000.

A number of other large investors have also bought and sold shares of the stock. Clarius Group LLC raised its holdings 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 purchasing an additional 95 shares during the period. Safeguard Investment Advisory Group LLC increased its position in American Electric Power by 4.3% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after buying an additional 100 shares in the last quarter. Marcum Wealth LLC raised its stake in American Electric Power by 3.0% during the 1st quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock worth $379,000 after buying an additional 101 shares during the period. Ascent Group LLC boosted its holdings in 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. Finally, Personal CFO Solutions LLC grew its stake in American Electric Power by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after acquiring an additional 103 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction 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 in the company, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AEP shares. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Raymond James Financial reissued 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. Barclays raised their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. 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. Finally, UBS Group raised their price objective 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. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $111.29.

American Electric Power Stock Performance

NASDAQ:AEP traded up $0.81 during trading on Tuesday, reaching $108.36. The company's stock had a trading volume of 2,653,862 shares, compared to its average volume of 3,543,743. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36. The firm has a market cap of $57.95 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46. The firm has a 50 day moving average of $109.62 and a 200-day moving average of $106.21. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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 company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

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.