Intech Investment Management LLC Buys 7,451 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Intech Investment Management LLC increased its stake in American Electric Power Company by 22.0%, acquiring an additional 7,451 shares, raising their total holdings to 41,262 shares valued at $4.5 million.
• American Electric Power's recent earnings report showed an EPS of $1.43, exceeding estimates and contributing to a 11.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.93 per share, reflecting an annualized yield of 3.4% and a payout ratio of 54.39%.

Intech Investment Management LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,262 shares of the company's stock after purchasing an additional 7,451 shares during the period. Intech Investment Management LLC's holdings in American Electric Power were worth $4,509,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AEP. Brighton Jones LLC boosted its holdings in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after purchasing an additional 1,095 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in American Electric Power by 138.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 30,019 shares of the company's stock valued at $2,769,000 after purchasing an additional 17,430 shares during the period. NorthRock Partners LLC bought a new stake in American Electric Power in the 4th quarter valued at $424,000. ProShare Advisors LLC boosted its holdings in American Electric Power by 20.2% in the 4th quarter. ProShare Advisors LLC now owns 684,670 shares of the company's stock valued at $63,147,000 after purchasing an additional 114,967 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in American Electric Power in the 4th quarter valued at $58,000. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Trading Up 0.7%

Shares of American Electric Power stock opened at $109.46 on Friday. The stock 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. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The company has a 50-day simple moving average of $110.03 and a 200 day simple moving average of $106.27. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion during 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 firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent research reports. Barclays increased their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Raymond James Financial restated an "outperform" rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Scotiabank increased their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Finally, UBS Group increased their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $111.93.

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.

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