Mn Services Vermogensbeheer B.V. Purchases 106,000 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in American Electric Power Company, Inc. by 113.2% during the 2nd quarter, now owning 199,600 shares valued at $20.71 million.
• American Electric Power recently reported earnings of $1.43 per share, exceeding analysts' expectations, along with a revenue of $5.09 billion for the quarter, marking an 11.1% increase year-over-year.
• The company declared a quarterly dividend of $0.93 per share, reflecting an annualized dividend of $3.72 and a yield of 3.5%.

Mn Services Vermogensbeheer B.V. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 113.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,600 shares of the company's stock after acquiring an additional 106,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in American Electric Power were worth $20,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $25,000. Bank of New Hampshire acquired a new stake in American Electric Power in the first quarter valued at approximately $28,000. Bayforest Capital Ltd purchased a new stake in American Electric Power in the first quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power during the 1st quarter worth $33,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at about $28,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.7%

NASDAQ AEP traded down $0.79 during trading on Monday, reaching $106.27. 554,778 shares of the company's stock were exchanged, compared to its average volume of 3,507,181. The stock has a market cap of $56.83 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 2.83 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. The company has a 50 day moving average price of $110.29 and a two-hundred day moving average price of $106.35. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business's revenue for the quarter 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. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 3.5%. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AEP shares. Jefferies Financial Group decreased their price objective on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. UBS Group lifted 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 report on Thursday, July 31st. Raymond James Financial restated an "outperform" rating and set a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $112.00 to $108.50 and set a "neutral" rating for the company in a research note on Wednesday, September 10th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Electric Power has a consensus rating of "Hold" and an average target price of $111.50.

About American Electric Power

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.