American Electric Power Company, Inc. $AEP Stock Position Lifted by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in American Electric Power Company by 27.4%, owning 78,107 shares worth approximately $8.1 million as of the latest SEC filing.
• Research analysts have issued mixed ratings for American Electric Power, with seven ratings as "Buy," eight as "Hold," and one as "Sell," while the consensus target price is set at $114.50.
• The company recently paid a quarterly dividend of $0.93, resulting in an annualized yield of 3.2% and a dividend payout ratio of 54.39%.

Vanguard Personalized Indexing Management LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 27.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,107 shares of the company's stock after purchasing an additional 16,804 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in American Electric Power were worth $8,105,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $25,000. Bayforest Capital Ltd acquired a new stake in shares of American Electric Power in the first quarter valued at $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power in the second quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of American Electric Power in the first quarter valued at $35,000. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

AEP has been the subject of several research analyst reports. Scotiabank upped their price objective on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of American Electric Power in a report on Wednesday, October 8th. Evercore ISI initiated coverage on American Electric Power in a report on Monday, October 6th. They issued an "outperform" rating and a $133.00 price objective for the company. Jefferies Financial Group cut their price objective 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. Finally, Barclays upped their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Seven equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $114.50.

American Electric Power Trading Up 0.1%

Shares of NASDAQ AEP opened at $117.04 on Monday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $119.06. The company has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 3.09 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $111.44 and a 200-day simple moving average of $107.16.

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, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.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 business posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is currently 54.39%.

Insider Activity

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares of the company's stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated 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 directly owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

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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