IFM Investors Pty Ltd Boosts Holdings in American Electric Power Company, Inc. $AEP

Key Points

• IFM Investors Pty Ltd increased its stake in American Electric Power by 7.2% in Q2, holding 118,185 shares valued at approximately $12.26 million.
• American Electric Power recently reported earnings per share (EPS) of $1.43 for the last quarter, exceeding expectations and representing an 11.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.93, with an annualized dividend yield of 3.5% and a payout ratio of 54.39%.

IFM Investors Pty Ltd increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,185 shares of the company's stock after acquiring an additional 7,977 shares during the quarter. IFM Investors Pty Ltd's holdings in American Electric Power were worth $12,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Nuveen LLC bought a new position in American Electric Power in the 1st quarter worth about $568,042,000. GQG Partners LLC lifted its position in shares of American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP lifted its position in American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock worth $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of American Electric Power by 13,499.5% during the 1st quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company's stock worth $234,954,000 after purchasing an additional 2,134,404 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of American Electric Power by 4,567.3% during the 1st quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company's stock worth $192,827,000 after purchasing an additional 1,726,868 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director owned 40,898 shares of the company's stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank raised 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 research note on Thursday, July 31st. Barclays raised their price target on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. UBS Group raised their price target 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. Finally, Jefferies Financial Group cut their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.50.

American Electric Power Stock Performance

American Electric Power stock traded up $0.03 during midday trading on Tuesday, reaching $107.08. 310,317 shares of the company's stock were exchanged, compared to its average volume of 3,500,953. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 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 firm has a market cap of $57.26 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 2.83 and a beta of 0.46. The stock's 50-day simple moving average is $110.33 and its 200 day simple moving average is $106.37.

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

American Electric Power Dividend Announcement

The business 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. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. American Electric Power's dividend payout ratio 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.