Janney Montgomery Scott LLC Increases Stake in American Electric Power Company, Inc. $AEP

Key Points

• Janney Montgomery Scott LLC increased its stake in American Electric Power Company by 4.8% during the 2nd quarter, holding a total of 235,936 shares valued at approximately $24.5 million.
• Several institutional investors, including Nuveen LLC and GQG Partners LLC, have significantly increased their stakes in American Electric Power, collectively owning over 75% of the company.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, reflecting a 3.3% dividend yield and a payout ratio of 54.39%.

Janney Montgomery Scott LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,936 shares of the company's stock after acquiring an additional 10,760 shares during the quarter. Janney Montgomery Scott LLC's holdings in American Electric Power were worth $24,481,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent analyst reports. Scotiabank raised their price target on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. UBS Group raised their price target on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Morgan Stanley reduced their price target on shares of American Electric Power from $117.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group reduced their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Thursday, September 11th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $111.63.

American Electric Power Stock Up 0.2%

Shares of American Electric Power stock opened at $112.75 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. The firm's 50-day moving average is $110.69 and its two-hundred day moving average is $106.59. The stock has a market cap of $60.30 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.98 and a beta of 0.48.

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 (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company had revenue of $5.09 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm'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. As a group, 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is currently 54.39%.

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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