Cambiar Investors LLC Has $36.48 Million Stake in American Electric Power Company, Inc. $AEP

Key Points

• Cambiar Investors LLC reduced its stake in American Electric Power Company by 6.8% in the first quarter, now holding approximately 333,826 shares valued at $36.5 million.
• American Electric Power reported a Q2 EPS of $1.43, exceeding expectations, and an 11.1% year-over-year revenue increase, totaling $5.09 billion.
• The company declared a quarterly dividend of $0.93 per share, with a payout ratio of 54.39%, reflecting a dividend yield of 3.3%.

Cambiar Investors LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,826 shares of the company's stock after selling 24,191 shares during the quarter. American Electric Power makes up approximately 1.5% of Cambiar Investors LLC's investment portfolio, making the stock its 29th largest position. Cambiar Investors LLC owned 0.06% of American Electric Power worth $36,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of American Electric Power by 22.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 60,701 shares of the company's stock worth $6,633,000 after acquiring an additional 11,046 shares during the last quarter. Tyler Stone Wealth Management bought a new position in shares of American Electric Power in the first quarter worth about $204,000. Raymond James Financial Inc. lifted its holdings in shares of American Electric Power by 39.0% in the first quarter. Raymond James Financial Inc. now owns 3,330,280 shares of the company's stock worth $363,900,000 after acquiring an additional 934,287 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of American Electric Power by 0.7% in the first quarter. Tocqueville Asset Management L.P. now owns 68,547 shares of the company's stock worth $7,490,000 after acquiring an additional 452 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of American Electric Power by 4.1% in the first quarter. American Century Companies Inc. now owns 265,990 shares of the company's stock worth $29,065,000 after acquiring an additional 10,436 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEP. Mizuho set a $116.00 price objective on American Electric Power and gave the company a "neutral" rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Citigroup upped their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Guggenheim upped their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, 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 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $111.29.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 24,173 shares of company stock worth $2,467,015. Corporate insiders own 0.07% of the company's stock.

American Electric Power Trading Up 0.2%

NASDAQ:AEP traded up $0.1970 on Friday, reaching $113.3370. 653,464 shares of the stock traded hands, compared to its average volume of 3,552,771. The firm has a market capitalization of $60.61 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. The company's 50 day moving average is $107.55 and its 200-day moving average is $105.38. 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 Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results 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. 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 net margin of 17.68% and a return on equity of 11.55%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio is currently 54.39%.

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.