Alliancebernstein L.P. Increases Stock Position in American Electric Power Company, Inc. $AEP

Key Points

• Alliancebernstein L.P. increased its stake in American Electric Power Company by 10.6% in Q1, owning nearly 5 million shares valued at approximately $546 million.
• American Electric Power reported a quarterly earnings beat with $1.43 earnings per share, exceeding analyst estimates of $1.27, and had a revenue growth of 11.1% from the previous year.
• A new quarterly dividend of $0.93 per share was announced, providing an annualized yield of 3.4%, with the payout ratio currently at 54.39%.

Alliancebernstein L.P. increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,997,446 shares of the company's stock after acquiring an additional 480,725 shares during the quarter. Alliancebernstein L.P. owned about 0.94% of American Electric Power worth $546,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clarius Group LLC increased its stake in American Electric Power by 2.5% in 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 boosted 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 valued at $223,000 after acquiring an additional 100 shares in the last quarter. Marcum Wealth LLC boosted 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 valued at $379,000 after acquiring an additional 101 shares in the last quarter. Ascent Group LLC boosted its holdings in American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after buying an additional 102 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock worth $368,000 after buying an additional 103 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.5%

AEP stock traded down $0.53 on Friday, hitting $108.11. 3,664,308 shares of the company were exchanged, compared to its average volume of 2,873,246. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The business's fifty day moving average is $109.55 and its two-hundred day moving average is $106.18. The stock has a market capitalization of $57.82 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. American Electric Power's revenue for the quarter 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. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed 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. This represents a $3.72 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, August 8th. American Electric Power's payout ratio is currently 54.39%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business'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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. 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. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Barclays upped their price target on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Scotiabank upped their price target on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average target price 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.