American Electric Power Company, Inc. $AEP Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA significantly reduced its position in American Electric Power Co., holding just 3,162 shares after selling 7,058, representing a 69.1% decrease in its ownership.
• Several hedge funds have initiated new positions in American Electric Power, indicating that institutional investors now own 75.24% of the company's stock.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, maintaining a dividend yield of 3.3% and a payout ratio of 54.39%.

Union Bancaire Privee UBP SA lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 69.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,162 shares of the company's stock after selling 7,058 shares during the quarter. Union Bancaire Privee UBP SA's holdings in American Electric Power were worth $328,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the first quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power during the first quarter valued at approximately $28,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power during the first quarter valued at approximately $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power during the second quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AEP shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. LADENBURG THALM/SH SH cut their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a report on Wednesday, September 10th. Jefferies Financial Group cut their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a report on Thursday, September 11th. Mizuho cut their price target on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a report on Tuesday, September 16th. Finally, Morgan Stanley cut their price target on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $111.63.

American Electric Power Trading Up 0.2%

Shares of American Electric Power stock opened at $112.75 on Thursday. The firm has a market capitalization of $60.30 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.98 and a beta of 0.48. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a 50 day moving average of $110.69 and a 200 day moving average of $106.59.

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 for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

About American Electric Power

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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