Teza Capital Management LLC Acquires Shares of 8,485 American Electric Power Company, Inc. $AEP

Key Points

• Teza Capital Management LLC has purchased 8,485 shares of American Electric Power Company, valued at approximately $927,000, indicating growing institutional interest in the company.
• Analysts have raised their price targets for AEP, with Raymond James setting a new target of $122.00 and Barclays increasing theirs to $111.00, reflecting positive outlooks on the company's stock performance.
• American Electric Power announced a quarterly dividend of $0.93, with an annualized yield of 3.4%, showcasing the company's commitment to returning value to shareholders.

Teza Capital Management LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,485 shares of the company's stock, valued at approximately $927,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in American Electric Power by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock valued at $5,711,519,000 after purchasing an additional 579,175 shares in the last quarter. Wellington Management Group LLP increased its stake in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock valued at $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. GQG Partners LLC increased its stake in American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares in the last quarter. Royal Bank of Canada increased its stake in American Electric Power by 1.2% in the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock valued at $649,983,000 after purchasing an additional 85,756 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in American Electric Power by 51.0% in the 4th quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock valued at $591,791,000 after purchasing an additional 2,165,888 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company's stock.

American Electric Power Trading Up 0.3%

Shares of NASDAQ:AEP traded up $0.28 during trading on Friday, reaching $109.02. 617,516 shares of the stock were exchanged, compared to its average volume of 3,515,680. The firm's 50-day moving average price is $109.91 and its 200 day moving average price is $106.25. The firm has a market cap of $58.30 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. 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 announced its quarterly 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 firm had revenue of $5.09 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the previous year, the company posted $1.25 earnings per share. American Electric Power's revenue was up 11.1% compared to the same quarter last year. 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 fiscal year.

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

AEP has been the subject of several research analyst reports. Mizuho set a $116.00 price objective on American Electric Power and gave the company a "neutral" rating in a research note on Thursday, July 31st. 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 note on Thursday, July 31st. Barclays boosted their price target on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. UBS Group increased 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Electric Power currently has an average rating of "Hold" and a consensus target price of $111.93.

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.