Nissay Asset Management Corp Japan ADV Purchases 11,972 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in American Electric Power Company, Inc. by 10.1%, holding a total of 130,538 shares valued at $14.26 million.
• Institutional investors now own 75.24% of American Electric Power's stock, with notable investments from companies like Nuveen LLC and GQG Partners LLC.
• American Electric Power has declared a quarterly dividend of $0.93, representing a yield of 3.4%, to be paid on September 10th.

Nissay Asset Management Corp Japan ADV lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,538 shares of the company's stock after purchasing an additional 11,972 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in American Electric Power were worth $14,264,000 at the end of the most recent reporting period.

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 in the first quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power during the 4th quarter worth about $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in American Electric Power during the 1st quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in American Electric Power during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were 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 owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company's stock.

American Electric Power Stock Up 0.2%

Shares of American Electric Power stock traded up $0.22 on Thursday, hitting $108.56. 671,030 shares of the company traded hands, compared to its average volume of 3,521,033. 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 $115.36. The company has a 50-day moving average price of $109.80 and a 200 day moving average price of $106.24. The company has a market cap of $58.06 billion, a PE ratio of 15.87, a PEG ratio of 2.87 and a beta of 0.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the business earned $1.25 EPS. American Electric Power's quarterly 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. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on AEP. Scotiabank increased their target price on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Jefferies Financial Group cut their target price on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Thursday. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, UBS Group lifted their price target on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $111.93.

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.