Dimensional Fund Advisors LP grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,660,036 shares of the company's stock after purchasing an additional 44,106 shares during the period. Dimensional Fund Advisors LP owned approximately 0.31% of American Electric Power worth $181,367,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after acquiring an additional 1,095 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of American Electric Power by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 28,628 shares of the company's stock worth $2,640,000 after acquiring an additional 2,588 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $2,025,000. MML Investors Services LLC boosted its holdings in shares of American Electric Power by 1.9% in the 4th quarter. MML Investors Services LLC now owns 140,299 shares of the company's stock worth $12,940,000 after acquiring an additional 2,678 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of American Electric Power by 28.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,299 shares of the company's stock worth $304,000 after acquiring an additional 738 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Trading Up 0.8%
NASDAQ:AEP traded up $0.88 during trading hours on Friday, hitting $114.02. 2,389,022 shares of the stock were exchanged, compared to its average volume of 3,641,025. The company's 50 day moving average is $107.77 and its two-hundred day moving average is $105.53. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $60.98 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 3.03 and a beta of 0.40.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion for 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 firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter 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. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power's dividend payout ratio is 54.39%.
Insider Buying and Selling at American Electric Power
In other news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 24,173 shares of company stock valued at $2,467,015. Corporate insiders own 0.07% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AEP. Scotiabank boosted their target price 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. Citigroup boosted their target price on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley reduced their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Wells Fargo & Company boosted their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, Mizuho set a $116.00 price objective on American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $111.29.
Get Our Latest Analysis on American Electric Power
American Electric Power Profile
(
Free Report)
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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