Credit Agricole S A Acquires 100,611 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Credit Agricole S A increased its holdings in American Electric Power Company (AEP) by 166.4% during the first quarter, owning 161,090 shares worth approximately $17.6 million.
• Recent analyst ratings for AEP show that five analysts have given it a Buy rating, while the average price target is set at $111.29.
• American Electric Power declared a quarterly dividend of $0.93 per share, reflecting an annualized dividend yield of 3.3%.

Credit Agricole S A boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 166.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 161,090 shares of the company's stock after acquiring an additional 100,611 shares during the quarter. Credit Agricole S A's holdings in American Electric Power were worth $17,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in American Electric Power by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock worth $5,711,519,000 after acquiring an additional 579,175 shares during the last quarter. Wellington Management Group LLP grew its holdings 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 acquiring an additional 4,323,569 shares during the last quarter. GQG Partners LLC grew its holdings 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 acquiring an additional 4,570,941 shares during the last quarter. Royal Bank of Canada grew its holdings in American Electric Power by 1.2% during the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock worth $649,983,000 after acquiring an additional 85,756 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in American Electric Power by 51.0% during the 4th quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock worth $591,791,000 after acquiring an additional 2,165,888 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Down 1.0%

NASDAQ:AEP traded down $1.0870 on Monday, reaching $112.9330. The company's stock had a trading volume of 1,097,944 shares, compared to its average volume of 3,548,182. 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 $60.40 billion, a PE ratio of 16.53, a PEG ratio of 3.03 and a beta of 0.40. The business's 50-day moving average price is $107.77 and its two-hundred day moving average price is $105.57. 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 announced its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm 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%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company 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 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEP shares. Citigroup boosted their target price on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Guggenheim boosted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, Barclays raised their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Five 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 company. According to data from MarketBeat.com, American Electric Power currently has an average rating of "Hold" and an average price target of $111.29.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the firm's 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 sale, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 24,173 shares of company stock worth $2,467,015. Company insiders own 0.07% of the company's stock.

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.