Ethic Inc. Increases Position in American Electric Power Company, Inc. $AEP

Key Points

• Ethic Inc. increased its holdings in American Electric Power by 53.0%, owning 11,055 shares worth $1,198,000 as of its latest SEC filing.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, with a distribution yield of 3.3% scheduled for September 10th.
• The company reported a Q2 earnings per share of $1.43, exceeding analysts' expectations, alongside a revenue increase of 11.1% from the previous year.

Ethic Inc. boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 53.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,055 shares of the company's stock after buying an additional 3,831 shares during the period. Ethic Inc.'s holdings in American Electric Power were worth $1,198,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Clarius Group LLC lifted its position in shares of American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after acquiring an additional 95 shares during the period. Safeguard Investment Advisory Group LLC raised its stake 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 worth $223,000 after purchasing an additional 100 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after buying an additional 101 shares during the last quarter. Ascent Group LLC grew 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, Dark Forest Capital Management LP raised its position in 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 buying an additional 103 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Stock Performance

Shares of American Electric Power stock traded up $0.88 during trading hours on Friday, reaching $114.02. The company had a trading volume of 2,389,022 shares, compared to its average volume of 3,641,025. The firm has a market cap of $60.98 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 3.00 and a beta of 0.40. American Electric Power Company, Inc. has a one year low of $89.91 and a one 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. The business has a fifty day simple moving average of $107.77 and a 200 day simple moving average of $105.49.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power's payout ratio is currently 54.39%.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 24,173 shares of company stock worth $2,467,015. Corporate insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on AEP shares. Morgan Stanley lowered their target price on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Scotiabank lifted their target price on shares of 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. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Citigroup upped their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company raised their target price on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $111.29.

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.