Jump Financial LLC Has $17.77 Million Holdings in American Electric Power Company, Inc. $AEP

Key Points

• Jump Financial LLC significantly increased its stake in American Electric Power by 1,503.1%, acquiring an additional 152,509 shares during the first quarter, bringing its total holdings to 162,655 shares valued at approximately $17.77 million.
• Institutional investors collectively own 75.24% of American Electric Power's stock, with several hedge funds acquiring new stakes this year.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, reflecting an annualized dividend yield of 3.3% and a payout ratio of 54.39%.

Jump Financial LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1,503.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,655 shares of the company's stock after buying an additional 152,509 shares during the period. Jump Financial LLC's holdings in American Electric Power were worth $17,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the 1st quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $28,000. Bank of New Hampshire acquired a new stake in shares of American Electric Power in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in American Electric Power in the first quarter worth $33,000. Finally, IMA Advisory Services Inc. purchased a new position in American Electric Power in the first quarter worth $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank lifted their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Guggenheim raised their target price on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Barclays raised their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Mizuho set a $116.00 price target on American Electric Power and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, UBS Group boosted their price target on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.29.

Insider Activity at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares of the company's stock, 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 the SEC website. Insiders sold 24,173 shares of company stock worth $2,467,015 over the last three months. Corporate insiders own 0.07% of the company's stock.

American Electric Power Price Performance

AEP stock traded down $0.61 during trading hours on Thursday, hitting $112.28. 1,063,003 shares of the stock traded hands, compared to its average volume of 3,543,700. The stock has a 50-day simple moving average of $108.45 and a 200 day simple moving average of $105.75. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The company has a market cap of $60.05 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.99 and a beta of 0.40. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $1.25 earnings per share. American Electric Power's revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio 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.