Ieq Capital LLC Has $3.10 Million Position in American Electric Power Company, Inc. $AEP

Key Points

• Ieq Capital LLC increased its stake in American Electric Power by 90.1%, acquiring an additional 13,434 shares, bringing its total holdings to 28,336 shares valued at $3,096,000.
• American Electric Power reported $1.43 earnings per share for the last quarter, surpassing analysts' expectations of $1.27, with revenue up 11.1% year-over-year at $5.09 billion.
• The company announced a quarterly dividend of $0.93, representing an annualized dividend yield of 3.4%, which will be paid to investors of record on August 8th.

Ieq Capital LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 90.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,336 shares of the company's stock after acquiring an additional 13,434 shares during the quarter. Ieq Capital LLC's holdings in American Electric Power were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $28,000. Bank of New Hampshire acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Down 1.7%

Shares of AEP stock traded down $1.92 on Thursday, hitting $108.11. 2,971,514 shares of the stock were exchanged, compared to its average volume of 3,538,378. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The business has a 50-day moving average of $109.31 and a 200 day moving average of $106.07. The firm has a market capitalization of $57.82 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.46. 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 earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm's revenue 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. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be given 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 3.4%. American Electric Power's dividend payout ratio is 54.39%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AEP. Barclays lifted their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Scotiabank boosted 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 report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, Raymond James Financial reissued 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 investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.