Cwm LLC Boosts Stake in American Electric Power Company, Inc. $AEP

Key Points

• Cwm LLC increased its stake in American Electric Power by 22.8% during the 2nd quarter, owning a total of 29,062 shares valued at approximately $3.02 million.
• Other institutional investors including Vanguard and Sovereign Financial Group also increased their positions, resulting in 75.24% of the stock being owned by hedge funds and institutional investors.
• American Electric Power recently announced a quarterly dividend of $0.93, representing an annual yield of 3.2%, with the dividend payout ratio standing at 54.39%.

Cwm LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,062 shares of the company's stock after buying an additional 5,395 shares during the quarter. Cwm LLC's holdings in American Electric Power were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its position in American Electric Power by 27.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 78,107 shares of the company's stock worth $8,105,000 after buying an additional 16,804 shares in the last quarter. Sovereign Financial Group Inc. grew its position in American Electric Power by 18.9% during the second quarter. Sovereign Financial Group Inc. now owns 7,086 shares of the company's stock worth $735,000 after buying an additional 1,125 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in American Electric Power by 6.9% during the second quarter. Concurrent Investment Advisors LLC now owns 36,935 shares of the company's stock worth $3,832,000 after buying an additional 2,396 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in American Electric Power by 3.1% during the second quarter. Johnson Investment Counsel Inc. now owns 1,169,737 shares of the company's stock worth $121,372,000 after buying an additional 35,699 shares in the last quarter. Finally, Apollon Financial LLC grew its position in American Electric Power by 2.8% during the second quarter. Apollon Financial LLC now owns 15,471 shares of the company's stock worth $1,605,000 after buying an additional 422 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred on 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 owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director owned 35,898 shares of the company's stock, valued at approximately $4,218,732.96. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,006 shares of company stock valued at $1,243,522. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $117.53 on Friday. The stock has a market capitalization of $62.85 billion, a PE ratio of 17.18, a P/E/G ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $120.46. The business has a 50-day moving average of $111.86 and a 200 day moving average of $107.51. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results 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 company had revenue of $5.09 billion during the quarter, compared to analysts' expectations 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 quarterly 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 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AEP. BMO Capital Markets upped their price objective on American Electric Power from $121.00 to $127.00 and gave the stock an "outperform" rating in a report on Thursday. Cowen began coverage on American Electric Power in a report on Wednesday. They issued a "buy" rating for the company. Scotiabank upped their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Mizuho cut their price objective on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a report on Tuesday, September 16th. Finally, LADENBURG THALM/SH SH cut their price objective on American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a report on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Electric Power currently has a consensus rating of "Hold" and an average target price of $119.26.

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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