American Electric Power Company, Inc. $AEP Holdings Lowered by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC reduced its stake in American Electric Power Company by 9.5% in the first quarter, owning 1,128,121 shares after selling 118,977 shares.
• Equities analysts have increased their price targets for American Electric Power, with recent targets set at $115.00 by Guggenheim and $122.00 by Raymond James Financial, indicating a generally positive outlook.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, reflecting a 3.3% dividend yield, further signaling strong financial fundamentals.

Hsbc Holdings PLC decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,128,121 shares of the company's stock after selling 118,977 shares during the quarter. Hsbc Holdings PLC owned 0.21% of American Electric Power worth $123,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clarius Group LLC boosted its position in shares of American Electric Power by 2.5% in the 1st 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 position in shares of 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 purchasing an additional 100 shares during the period. Marcum Wealth LLC boosted its position in shares of American Electric Power by 3.0% in the 1st quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after purchasing an additional 101 shares during the period. Ascent Group LLC boosted its position in shares of American Electric Power by 0.4% in the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after purchasing an additional 102 shares during the period. Finally, Dark Forest Capital Management LP boosted its position in shares of American Electric Power by 2.3% in the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Guggenheim increased their price target on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Scotiabank raised their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Citigroup raised their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Mizuho set a $116.00 price objective on American Electric Power and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial restated an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $111.29.

American Electric Power Trading Up 1.8%

Shares of NASDAQ AEP opened at $112.66 on Wednesday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The business has a 50-day moving average price of $107.12 and a two-hundred day moving average price of $105.22. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $60.25 billion, a PE ratio of 16.47, a PEG ratio of 2.94 and a beta of 0.40.

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 (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The business 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%.The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 8th. American Electric Power's payout ratio is currently 54.39%.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 24,173 shares of company stock worth $2,467,015. 0.07% of the stock is owned by insiders.

American Electric Power 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.

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