Monument Capital Management Purchases 3,124 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Monument Capital Management increased its shareholding in American Electric Power Company by 79.9%, acquiring an additional 3,124 shares in the latest quarter, bringing their total to 7,032 shares valued at approximately $730,000.
• American Electric Power recently declared a quarterly dividend of $0.93 per share, resulting in an annualized dividend yield of 3.2% with a payout ratio of 54.39%.
• The company's stock has a market cap of $62.52 billion, with a current price of $116.91 per share, while analysts predict earnings per share of 5.87 for the current year.

Monument Capital Management boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 79.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,032 shares of the company's stock after purchasing an additional 3,124 shares during the period. Monument Capital Management's holdings in American Electric Power were worth $730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in American Electric Power by 1.1% during the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock worth $5,711,519,000 after purchasing an additional 579,175 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of American Electric Power by 24.3% during 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 last quarter. GQG Partners LLC lifted its position in shares of American Electric Power by 30.4% during 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 last quarter. Northern Trust Corp lifted its position in shares of American Electric Power by 8.0% during the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company's stock worth $572,332,000 after buying an additional 386,518 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of American Electric Power in the first quarter worth about $568,042,000. 75.24% of the stock is currently owned by institutional investors.

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power 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 completion of the transaction, the director owned 40,898 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company's stock, valued at $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Down 1.1%

Shares of NASDAQ:AEP opened at $116.91 on Friday. The firm has a market cap of $62.52 billion, a P/E ratio of 17.09, a P/E/G ratio of 3.12 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $119.06. The business has a fifty day simple moving average of $111.37 and a 200 day simple moving average of $107.03.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data 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. 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 last year, the company earned $1.25 earnings per share. The firm'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. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared 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 was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.2%. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Analyst Ratings Changes

Several equities analysts recently commented on AEP shares. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a research note on Wednesday. LADENBURG THALM/SH SH dropped their price target on 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. UBS Group increased their price target on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Finally, Barclays increased 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. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $114.10.

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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