Robeco Institutional Asset Management B.V. Has $1.58 Million Stock Position in American Electric Power Company, Inc. $AEP

Robeco Institutional Asset Management B.V. lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 60.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,188 shares of the company's stock after selling 23,469 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in American Electric Power were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AEP. EQ Wealth Advisors LLC bought a new stake in American Electric Power in the 1st quarter valued at $25,000. Bayforest Capital Ltd bought a new stake in American Electric Power in the 1st quarter valued at $31,000. Missouri Trust & Investment Co bought a new stake in American Electric Power in the 2nd quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in American Electric Power in the 1st quarter valued at $33,000. Finally, IMA Advisory Services Inc. bought a new stake in American Electric Power in the 1st quarter valued at $35,000. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AEP shares. Barclays increased their price target on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. UBS Group increased their price objective on 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 reiterated an "outperform" rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Evercore ISI assumed coverage on American Electric Power in a research report on Monday. They set an "outperform" rating and a $133.00 price objective on the stock. Finally, Mizuho lowered their price objective on American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $114.10.

American Electric Power Stock Up 2.2%

Shares of NASDAQ AEP opened at $118.16 on Wednesday. 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 Company, Inc. has a 52 week low of $89.91 and a 52 week high of $119.06. The stock has a market capitalization of $63.19 billion, a P/E ratio of 17.27, a PEG ratio of 3.06 and a beta of 0.48. The stock's fifty day moving average is $111.20 and its 200 day moving average is $106.86.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 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 for the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter last year, the business earned $1.25 earnings per share. American Electric Power's revenue 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. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Insiders Place Their Bets

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.