DRW Securities LLC Makes New $399,000 Investment in American Electric Power Company, Inc. $AEP

Key Points

• DRW Securities LLC recently invested $399,000 in American Electric Power Company, acquiring 3,651 shares during the first quarter.
• Shareholders will receive a quarterly dividend of $0.93, set to be paid on September 10th, representing a 3.4% yield.
• Analysts have raised target prices for American Electric Power, with average targets now around $111.29, signaling positive sentiment towards the stock.

DRW Securities LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,651 shares of the company's stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. bought a new position in shares of American Electric Power during the 1st quarter worth approximately $263,000. Vident Advisory LLC boosted its stake in shares of American Electric Power by 61.8% during the 1st quarter. Vident Advisory LLC now owns 20,080 shares of the company's stock worth $2,194,000 after acquiring an additional 7,667 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of American Electric Power by 3.6% during the 1st quarter. Evergreen Capital Management LLC now owns 8,782 shares of the company's stock worth $960,000 after acquiring an additional 303 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of American Electric Power by 73.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,260,951 shares of the company's stock worth $137,784,000 after acquiring an additional 533,600 shares during the period. Finally, WPG Advisers LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $48,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AEP shares. Wells Fargo & Company lifted their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Scotiabank lifted their target price on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. UBS Group lifted their target price on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Mizuho set a $116.00 target price on American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Guggenheim boosted their price target on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.29.

American Electric Power Stock Performance

AEP opened at $111.02 on Monday. The business has a fifty day simple moving average of $108.85 and a 200 day simple moving average of $105.95. The company has a market capitalization of $59.37 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.94 and a beta of 0.46. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during 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 period in the previous year, the company posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.4%. American Electric Power's payout ratio is currently 54.39%.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power 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 completion of the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 24,173 shares of company stock valued at $2,467,015. 0.07% of the stock is owned by insiders.

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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