Tema Etfs LLC Has $2.99 Million Stock Position in American Electric Power Company, Inc. $AEP

Key Points

• Tema Etfs LLC significantly increased its stake in American Electric Power Company by 663.8% during the first quarter, bringing its total holdings to $2.99 million.
• Institutional investors own a substantial 75.24% of the company's stock, indicating strong institutional confidence.
• Multiple analysts have set new price targets for the stock, with an average target of $111.29, while UBS Group has downgraded its rating to "sell."

Tema Etfs LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 663.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,375 shares of the company's stock after purchasing an additional 23,791 shares during the quarter. Tema Etfs LLC's holdings in American Electric Power were worth $2,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in shares of American Electric Power by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock valued at $364,000 after purchasing an additional 430 shares during the period. Ritholtz Wealth Management purchased a new stake in American Electric Power in the 1st quarter worth about $262,000. Robertson Stephens Wealth Management LLC purchased a new stake in American Electric Power in the 1st quarter worth about $205,000. GAMMA Investing LLC lifted its stake in American Electric Power by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after acquiring an additional 3,867 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in American Electric Power by 26.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after acquiring an additional 73,488 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. Scotiabank increased their price objective on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. UBS Group raised 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. Guggenheim raised their price target on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Barclays raised 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $111.29.

American Electric Power Stock Performance

Shares of AEP stock traded down $0.76 during trading on Monday, reaching $111.02. The company had a trading volume of 2,896,156 shares, compared to its average volume of 3,160,205. The firm's 50 day simple moving average is $108.85 and its two-hundred day simple moving average is $105.95. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The company has a market capitalization of $59.37 billion, a PE ratio of 16.23, a PEG ratio of 2.94 and a beta of 0.46.

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 for the quarter, beating 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 business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business earned $1.25 EPS. 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. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Insider Buying and Selling at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 24,173 shares of company stock valued at $2,467,015. 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.