Arvest Investments Inc. Takes $495,000 Position in American Electric Power Company, Inc. $AEP

Key Points

• Arvest Investments Inc. has made a significant investment of $495,000 in American Electric Power Company by purchasing 4,770 shares in the second quarter.
• Major financial institutions are actively trading shares of AEP, with institutional investors and hedge funds owning 75.24% of the company's stock.
• American Electric Power declared a quarterly dividend of $0.93 per share, reflecting an annualized yield of 3.4% and a payout ratio of 54.39%.

Arvest Investments Inc. bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,770 shares of the company's stock, valued at approximately $495,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in American Electric Power during the first quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $28,000. Bank of New Hampshire bought a new stake in shares of American Electric Power in the 1st quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new position in American Electric Power in the first quarter valued at approximately $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power during the first quarter valued at $33,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Barclays increased their target price 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. LADENBURG THALM/SH SH dropped their price target on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 10th. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Finally, Scotiabank increased their target price on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $111.50.

American Electric Power Trading Up 0.6%

Shares of AEP traded up $0.68 during mid-day trading on Wednesday, reaching $107.52. The company's stock had a trading volume of 2,540,233 shares, compared to its average volume of 3,516,642. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The stock has a market cap of $57.50 billion, a PE ratio of 15.72, a P/E/G ratio of 2.89 and a beta of 0.46. The company's fifty day moving average price is $110.19 and its two-hundred day moving average price is $106.30. 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 the consensus estimate of $1.27 by $0.16. The firm 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%.The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous 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 predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 54.39%.

Insider Transactions 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 transaction of $543,250.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Company 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.