Czech National Bank Purchases 8,112 Shares of American Electric Power Company, Inc. $AEP

Key Points

• The Czech National Bank increased its stake in American Electric Power Company, Inc. by 6.6% during the 2nd quarter, raising its holdings to 130,576 shares valued at approximately $13.55 million.
• Insider activity saw Director Benjamin G. S. Fowke III sell 5,000 shares, resulting in a 10.89% decrease in his ownership of the stock, which is currently valued at around $4.44 million.
• Analysts have mixed forecasts for the company's stock, with five analysts rated it as Buy, while the average target price stands at $111.50, reflecting a cautious outlook.

Czech National Bank increased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,576 shares of the company's stock after purchasing an additional 8,112 shares during the quarter. Czech National Bank's holdings in American Electric Power were worth $13,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. Clarius Group LLC raised its stake in American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after buying an additional 95 shares during the last quarter. McIlrath & Eck LLC raised its stake in American Electric Power by 3.2% during the first quarter. McIlrath & Eck LLC now owns 3,147 shares of the company's stock valued at $344,000 after buying an additional 99 shares during the last quarter. Marcum Wealth LLC raised its stake in American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after buying an additional 101 shares during the last quarter. Ascent Group LLC raised its stake in American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after buying an additional 102 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company's stock.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $0.62 during mid-day trading on Friday, reaching $107.06. The company's stock had a trading volume of 5,846,040 shares, compared to its average volume of 2,856,833. The firm has a market capitalization of $57.25 billion, a PE ratio of 15.65, a P/E/G ratio of 2.82 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a fifty day moving average of $110.29 and a two-hundred day moving average of $106.31. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. 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 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 8th. American Electric Power's payout ratio is currently 54.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their price objective on 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. Scotiabank upped their price target on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $112.00 to $108.50 and set a "neutral" rating on the stock in a report on Wednesday, September 10th. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, 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. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $111.50.

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.