IFM Investors Pty Ltd Trims Stake in American Electric Power Company, Inc. $AEP

Key Points

• IFM Investors Pty Ltd decreased its holdings in American Electric Power Company by 22.7%, now owning 110,208 shares valued at approximately $12.04 million.
• Analysts have adjusted their price targets for AEP, with Scotiabank increasing its target from $102 to $114, reflecting a positive outlook.
• AEP reported a net revenue of $5.09 billion for the last quarter, exceeding consensus estimates and showing an 11.1% increase year-over-year.

IFM Investors Pty Ltd lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 110,208 shares of the company's stock after selling 32,371 shares during the period. IFM Investors Pty Ltd's holdings in American Electric Power were worth $12,042,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AEP. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the 1st quarter worth about $25,000. Bank of New Hampshire acquired a new stake in American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd acquired a new stake in American Electric Power during the first quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power during the first quarter worth about $33,000. Finally, Fourth Dimension Wealth LLC bought a new position in American Electric Power during the fourth quarter worth about $28,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday, July 31st. Barclays increased their target price 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. 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 note on Thursday. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Finally, Raymond James Financial reissued an "outperform" rating and set a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $111.93.

American Electric Power Stock Up 0.7%

Shares of AEP traded up $0.72 during trading hours on Friday, hitting $109.46. The stock had a trading volume of 2,180,621 shares, compared to its average volume of 2,876,504. 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 firm has a 50 day simple moving average of $110.03 and a 200-day simple moving average of $106.26. The firm has a market capitalization of $58.54 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.88 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.

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 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 business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company's quarterly revenue 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. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.4%. American Electric Power's payout ratio is 54.39%.

Insider Transactions at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by 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.