Federation des caisses Desjardins du Quebec Buys 7,750 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Federation des caisses Desjardins du Quebec boosted its stake in American Electric Power Company, Inc. (AEP) by 25.9%, acquiring a total of 37,693 shares valued at approximately $4.12 million.
• In recent analyst updates, price targets for AEP have been raised by several firms, with Barclays setting a new target of $111.00 and Scotiabank raising theirs to $114.00, reflecting increasing optimism about the company.
• AEP plans to distribute a quarterly dividend of $0.93 per share, with a yield of 3.4%, signifying ongoing shareholder returns despite market fluctuations.

Federation des caisses Desjardins du Quebec boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 25.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 37,693 shares of the company's stock after buying an additional 7,750 shares during the period. Federation des caisses Desjardins du Quebec's holdings in American Electric Power were worth $4,119,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the first quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new position in American Electric Power in the fourth quarter valued at about $28,000. Bank of New Hampshire acquired a new position in American Electric Power in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power in the first quarter valued at about $33,000. Finally, IMA Advisory Services Inc. acquired a new position in American Electric Power in the first quarter valued at about $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Down 0.5%

AEP traded down $0.53 during midday trading on Friday, hitting $108.11. The company had a trading volume of 3,664,308 shares, compared to its average volume of 2,921,091. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The stock's 50 day moving average price is $109.55 and its 200 day moving average price is $106.18. The company has a market capitalization of $57.82 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.87 and a beta of 0.46.

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, topping analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. American Electric Power's revenue for the quarter was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEP shares. UBS Group lifted their target price on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Barclays lifted their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Mizuho set a $116.00 price target on American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, Raymond James Financial restated 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. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $111.29.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the company's 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 owned 10,274 shares in the company, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

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.