American Electric Power Company, Inc. $AEP Shares Acquired by Amundi

Key Points

• Amundi increased its stake in American Electric Power by 7.6% in Q1, owning a total of 2,929,401 shares valued at $319.6 million.
• Multiple institutional investors have also made significant purchases, resulting in 75.24% of the company's stock being held by institutional investors and hedge funds.
• American Electric Power reported a Q2 EPS of $1.43, exceeding estimates, and announced a quarterly dividend of $0.93 per share with a yield of 3.4%.

Amundi lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,929,401 shares of the company's stock after buying an additional 205,818 shares during the period. Amundi owned approximately 0.55% of American Electric Power worth $319,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EQ Wealth Advisors LLC acquired a new stake in American Electric Power in the 1st quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in American Electric Power in the 4th quarter worth approximately $28,000. Bank of New Hampshire acquired a new stake in American Electric Power in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power in the 1st quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in American Electric Power in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank lifted their price objective on shares of 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 lifted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. UBS Group boosted their target price on shares of 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, Raymond James Financial reiterated an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Five equities research 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 MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average price target of $111.29.

Insider Activity 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 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 sale, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company's stock.

American Electric Power Stock Down 0.5%

NASDAQ:AEP traded down $0.56 during mid-day trading on Monday, hitting $107.55. The stock had a trading volume of 2,654,275 shares, compared to its average volume of 3,548,660. The stock has a 50-day simple moving average of $109.55 and a two-hundred day simple moving average of $106.19. The company has a market capitalization of $57.52 billion, a PE ratio of 15.72, a PEG ratio of 2.87 and a beta of 0.46. 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 current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced 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. The company had revenue of $5.09 billion for 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 was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 3.5%. The ex-dividend date is Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is 54.39%.

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.