American Electric Power Company, Inc. $AEP Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its holdings in American Electric Power by 21.9%, acquiring an additional 8,999 shares, bringing its total to 50,164 shares valued at approximately $5.48 million.
• American Electric Power recently reported a quarterly earnings per share (EPS) of $1.43, surpassing analysts' expectations and showing an 11.1% revenue increase from the previous year.
• The company announced a quarterly dividend of $0.93, reflecting an annual yield of 3.4%, with an ex-dividend date on August 8th.

Empowered Funds LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,164 shares of the company's stock after acquiring an additional 8,999 shares during the period. Empowered Funds LLC's holdings in American Electric Power were worth $5,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth about $28,000. Bank of New Hampshire acquired a new stake in shares of American Electric Power during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in American Electric Power during the first quarter worth about $33,000. Finally, IMA Advisory Services Inc. purchased a new position in American Electric Power during the first quarter worth about $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Price Performance

American Electric Power stock traded up $0.72 during mid-day trading on Friday, reaching $109.46. The company had a trading volume of 2,180,621 shares, compared to its average volume of 2,867,824. 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. The company has a market capitalization of $58.54 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.90 and a beta of 0.46. The stock's 50-day simple moving average is $110.03 and its 200-day simple moving average is $106.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same period last year, the company posted $1.25 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is 54.39%.

Insider Buying and Selling at American Electric Power

In other 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 completion of the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. This trade represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AEP has been the subject of several analyst reports. Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Barclays increased their price target on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, Jefferies Financial Group dropped their target price on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a report on Thursday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and a consensus target price of $111.93.

About American Electric Power

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.