OMERS ADMINISTRATION Corp Sells 3,129 Shares of American Electric Power Company, Inc. $AEP

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in American Electric Power by 14.2%, selling 3,129 shares to own 18,845 shares worth approximately $2,059,000 as of the latest quarter.
• AEP has received mixed ratings from analysts, with a current consensus rating of "Hold" and an average price target of $111.29, while several brokerages have adjusted their price targets upwards.
• The company recently announced a quarterly dividend of $0.93 per share, reflecting an annual yield of 3.4%, with a payout ratio of approximately 54.39%.

OMERS ADMINISTRATION Corp lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,845 shares of the company's stock after selling 3,129 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in American Electric Power were worth $2,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power during the 1st quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power during the 4th quarter valued at about $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power during the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the 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 owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company's stock.

American Electric Power Trading Down 1.7%

NASDAQ:AEP traded down $1.87 during midday trading on Thursday, hitting $108.16. 3,114,398 shares of the company traded hands, compared to its average volume of 3,538,972. The firm's fifty day moving average is $109.31 and its 200-day moving average is $106.07. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. The firm has a market capitalization of $57.84 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.94 and a beta of 0.46. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share 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 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 firm posted $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. On average, sell-side analysts predict 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 will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. Scotiabank boosted their price objective on 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. Barclays upped their price target on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Raymond James Financial restated 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. Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price target on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Five 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 MarketBeat, American Electric Power has an average rating of "Hold" and a consensus target price of $111.29.

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.