Sivia Capital Partners LLC Increases Stake in American Electric Power Company, Inc. $AEP

Key Points

• Sivia Capital Partners LLC increased its holdings in American Electric Power Company, Inc. by 149.5%, acquiring a total of 4,891 shares valued at approximately $507,000 by the end of the last quarter.
• American Electric Power's stock has a consensus rating of "Hold" among analysts, with a current price target of $111.50, reflecting a range of buy, hold, and sell ratings from different firms.
• The company recently paid a quarterly dividend of $0.93 per share, translating to an annual yield of 3.5%, while maintaining a payout ratio of 54.39%.

Sivia Capital Partners LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 149.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,891 shares of the company's stock after acquiring an additional 2,931 shares during the period. Sivia Capital Partners LLC's holdings in American Electric Power were worth $507,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power in the 1st quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $28,000. Bank of New Hampshire purchased a new position in American Electric Power in the first quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power during the first quarter worth $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of American Electric Power in the first quarter valued at $33,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. 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 report on Tuesday. UBS Group increased their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research note on Thursday, July 31st. Jefferies Financial Group reduced their target price on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a report on Thursday, September 11th. LADENBURG THALM/SH SH decreased their target price 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, Raymond James Financial reiterated an "outperform" rating and issued a $122.00 target price (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, American Electric Power has an average rating of "Hold" and an average price target of $111.50.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Performance

AEP stock traded up $0.62 during trading hours on Friday, reaching $107.06. The stock had a trading volume of 5,846,040 shares, compared to its average volume of 3,523,843. The stock has a 50-day simple moving average of $110.25 and a 200 day simple moving average of $106.30. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market capitalization of $57.26 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.46. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 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 firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm earned $1.25 EPS. The business'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. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 8th. American Electric Power's payout ratio is 54.39%.

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.