Kera Capital Partners Inc. Invests $240,000 in American Electric Power Company, Inc. $AEP

Key Points

• Kera Capital Partners Inc. has invested $240,000 in American Electric Power Company, acquiring 2,313 shares, indicating a strong interest in the company.
• American Electric Power recently reported quarterly earnings of $1.43 per share, exceeding analysts' expectations, and revenue increased by 11.1% year-over-year to $5.09 billion.
• The company declared a quarterly dividend of $0.93 per share, yielding 3.4%, with a dividend payout ratio of 54.39%.

Kera Capital Partners Inc. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,313 shares of the company's stock, valued at approximately $240,000.

A number of other large investors have also modified their holdings of AEP. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power during the first quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power during the first quarter worth about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of American Electric Power during the first quarter worth about $33,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.7%

Shares of NASDAQ:AEP opened at $109.46 on Monday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. The company has a market capitalization of $58.54 billion, a PE ratio of 16.00, a PEG ratio of 2.90 and a beta of 0.46. The business has a 50 day moving average of $110.03 and a two-hundred day moving average of $106.27. 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 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 company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the company posted $1.25 earnings per share. American Electric Power's revenue for the quarter 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, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. UBS Group upped their target price on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Barclays upped their target price on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Finally, Mizuho set a $116.00 target price on American Electric Power and gave the company a "neutral" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.93.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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 filing with the SEC, which is available through this link. 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.

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