American Electric Power Company, Inc. $AEP Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in American Electric Power Company by 1.4%, holding a total of 774,560 shares valued at approximately $84.6 million.
• The company's quarterly earnings showed a net margin of 17.68% with revenues surpassing expectations at $5.09 billion, significantly up from the previous year.
• American Electric Power announced a quarterly dividend of $0.93 to be issued on September 10th, reflecting an annualized dividend yield of 3.3%.

Price T Rowe Associates Inc. MD boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 774,560 shares of the company's stock after purchasing an additional 10,780 shares during the period. Price T Rowe Associates Inc. MD owned about 0.14% of American Electric Power worth $84,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in American Electric Power by 1.1% during the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock valued at $5,711,519,000 after purchasing an additional 579,175 shares during the period. Wellington Management Group LLP increased its holdings in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock valued at $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GQG Partners LLC raised its position in shares of American Electric Power by 30.4% in the first 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 during the period. Royal Bank of Canada raised its position in shares of American Electric Power by 1.2% in the fourth quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock worth $649,983,000 after acquiring an additional 85,756 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of American Electric Power by 51.0% in the fourth quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock worth $591,791,000 after acquiring an additional 2,165,888 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AEP shares. Morgan Stanley decreased their price objective on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Citigroup upped their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group upped their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Scotiabank upped their price objective 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. Finally, Mizuho set a $116.00 price objective on shares of American Electric Power and gave the stock a "neutral" rating in a research 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 given a Sell rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average price target of $111.29.

American Electric Power Stock Down 0.9%

AEP stock opened at $113.00 on Tuesday. The stock has a market capitalization of $60.43 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.03 and a beta of 0.40. The firm has a 50-day simple moving average of $108.00 and a 200-day simple moving average of $105.66. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36.

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

American Electric Power Dividend Announcement

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 issued a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. American Electric Power's dividend payout ratio is presently 54.39%.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the sale, the executive vice president owned 10,274 shares in the company, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 24,173 shares of company stock valued at $2,467,015. 0.07% of the stock is currently owned by corporate insiders.

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.

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