Gateway Investment Advisers LLC decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,217 shares of the company's stock after selling 4,887 shares during the period. Gateway Investment Advisers LLC owned 0.07% of American Electric Power worth $42,530,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of American Electric Power by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock worth $315,498,000 after purchasing an additional 738,756 shares during the last quarter. Brighton Jones LLC increased its holdings in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in American Electric Power by 21.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,000 shares of the company's stock worth $14,056,000 after acquiring an additional 27,108 shares in the last quarter. Crewe Advisors LLC raised its position in American Electric Power by 21.2% during the fourth quarter. Crewe Advisors LLC now owns 708 shares of the company's stock worth $65,000 after acquiring an additional 124 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in American Electric Power by 5.6% in the fourth quarter. Bleakley Financial Group LLC now owns 18,529 shares of the company's stock valued at $1,709,000 after acquiring an additional 977 shares during the last quarter. Institutional investors own 75.24% of the company's stock.
Wall Street Analysts Forecast Growth
AEP has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday. Citigroup boosted their price target on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Guggenheim upped their price objective 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. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets boosted their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $107.75.
Check Out Our Latest Report on AEP
American Electric Power Price Performance
Shares of NASDAQ AEP opened at $101.79 on Friday. The firm has a market cap of $54.38 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The business's 50 day moving average is $104.43 and its 200-day moving average is $100.97. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm posted $1.27 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.
American Electric Power Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend payout ratio is 71.68%.
Insiders Place Their Bets
In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58. Following the transaction, the executive vice president now owns 26,298 shares in the company, valued at $2,707,116.12. This trade represents a 23.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president now owns 9,658 shares of the company's stock, valued at approximately $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company's stock.
About American Electric Power
(
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.
Further Reading
Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
