Callan Family Office LLC Buys 9,463 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Callan Family Office LLC significantly increased its holdings in American Electric Power Company by 334.6%, acquiring an additional 9,463 shares, bringing their total to 12,291 shares worth approximately $1.275 million.
• Several institutional investors have also taken significant positions in AEP, with Nuveen LLC purchasing a stake worth about $568 million during the 1st quarter, indicating strong institutional interest in the company.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, yielding approximately 3.2%, reflecting a solid return for investors amidst its growth in revenue and earnings.

Callan Family Office LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 334.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,291 shares of the company's stock after buying an additional 9,463 shares during the quarter. Callan Family Office LLC's holdings in American Electric Power were worth $1,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Nuveen LLC bought a new stake in American Electric Power during the 1st quarter worth about $568,042,000. GQG Partners LLC lifted its position in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock worth $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP lifted its position in American Electric Power by 24.3% during 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. Bessemer Group Inc. lifted its position in 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 buying an additional 1,726,868 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in American Electric Power during the 1st quarter worth about $153,524,000. 75.24% of the stock is owned by institutional investors.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AEP shares. UBS Group boosted their price target on shares of American Electric Power from $110.00 to $116.00 and gave the stock a "sell" rating in a research report on Friday. Morgan Stanley cut their price target on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American Electric Power in a report on Wednesday, October 8th. Finally, Mizuho dropped their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $114.50.

American Electric Power Stock Up 0.1%

Shares of AEP stock opened at $117.04 on Monday. 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's 50-day moving average is $111.44 and its 200-day moving average is $107.16. The stock has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 3.09 and a beta of 0.48. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $119.06.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the business earned $1.25 EPS. American Electric Power's quarterly revenue was up 11.1% on a year-over-year basis. 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 business also recently declared 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 was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. American Electric Power's dividend payout ratio is 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.

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