American Electric Power Company, Inc. $AEP Shares Sold by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON reduced its stake in American Electric Power Company by 17.7%, resulting in ownership of 37,490 shares valued at approximately $4.1 million as of the end of the first quarter.
• Several institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, increased their stakes significantly, indicating strong investor interest in AEP.
• American Electric Power announced a quarterly dividend of $0.93 per share, reflecting a 3.4% dividend yield with a payout ratio of 54.39%.

BROOKFIELD Corp ON decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,490 shares of the company's stock after selling 8,078 shares during the quarter. BROOKFIELD Corp ON's holdings in American Electric Power were worth $4,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 worth $5,711,519,000 after acquiring an additional 579,175 shares during the last quarter. Wellington Management Group LLP increased its stake in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock worth $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. GQG Partners LLC increased its stake in American Electric Power by 30.4% during 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 last quarter. Royal Bank of Canada increased its stake in American Electric Power by 1.2% during 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 last quarter. Finally, Northern Trust Corp increased its stake 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 last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company's stock.

American Electric Power Price Performance

Shares of AEP opened at $108.74 on Friday. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The firm's fifty day simple moving average is $109.91 and its 200-day simple moving average is $106.25. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.87 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 quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the business earned $1.25 EPS. The company'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 forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power's dividend payout ratio is presently 54.39%.

Analysts Set New Price Targets

Several analysts recently weighed in on AEP shares. Scotiabank lifted their target price 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. Barclays upped their price target 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. Raymond James Financial restated an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Finally, Mizuho set a $116.00 target price on American Electric Power and gave the company a "neutral" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average target price of $111.93.

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.

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