GAMMA Investing LLC Buys 2,906 Shares of American Electric Power Company, Inc. $AEP

Key Points

• GAMMA Investing LLC has increased its stake in American Electric Power Company by 14.8%, holding a total of 22,584 shares valued at $2.34 million as of the second quarter.
• Institutional investors and hedge funds own 75.24% of American Electric Power's stock, indicating strong institutional interest in the company.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, representing a dividend yield of 3.5% with a payout ratio of 54.39%.

GAMMA Investing LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,584 shares of the company's stock after buying an additional 2,906 shares during the period. GAMMA Investing LLC's holdings in American Electric Power were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in American Electric Power during the first quarter valued at $568,042,000. GQG Partners LLC boosted its stake in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock valued at $2,145,130,000 after buying an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP increased its position in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company's stock worth $192,827,000 after purchasing an additional 1,726,868 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in American Electric Power during the 1st quarter valued at about $153,524,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Stock Down 0.0%

Shares of AEP traded down $0.01 during midday trading on Monday, reaching $107.05. 2,645,560 shares of the stock were exchanged, compared to its average volume of 3,029,683. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.83 and a beta of 0.46. The firm has a 50 day simple moving average of $110.33 and a 200-day simple moving average of $106.37. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-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.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AEP. UBS Group lifted their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a report on Thursday, July 31st. Barclays boosted 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 research note on Friday, August 1st. Scotiabank upped their target price on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Finally, Jefferies Financial Group cut 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 research report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $111.50.

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.