American Electric Power Company, Inc. $AEP Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,701 shares of the company's stock after acquiring an additional 12,930 shares during the quarter. Public Employees Retirement System of Ohio's holdings in American Electric Power were worth $24,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of American Electric Power by 1.1% in the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock valued at $5,711,519,000 after buying an additional 579,175 shares in the last quarter. Wellington Management Group LLP grew 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 acquiring an additional 4,323,569 shares during the period. GQG Partners LLC increased its holdings 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 worth $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Northern Trust Corp raised its position in American Electric Power by 8.0% during the first quarter. Northern Trust Corp now owns 5,237,782 shares of the company's stock worth $572,332,000 after acquiring an additional 386,518 shares during the period. Finally, Nuveen LLC purchased a new position in American Electric Power during the first quarter valued at $568,042,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Down 0.9%

AEP opened at $107.86 on Friday. The firm has a market capitalization of $57.68 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.46. The company's 50 day simple moving average is $110.51 and its two-hundred day simple moving average is $106.40. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year 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.

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

American Electric Power Announces Dividend

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

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AEP shares. Jefferies Financial Group dropped their target price on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a report on Wednesday, September 10th. Morgan Stanley reduced their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday. Mizuho decreased their target price on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Finally, UBS Group boosted their price target on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $111.63.

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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