Trexquant Investment LP Raises Stake in American Electric Power Company, Inc. $AEP

Key Points

• Trexquant Investment LP significantly increased its stake in American Electric Power Company, Inc. by purchasing an additional 91,089 shares during the first quarter, now owning a total of 126,416 shares valued at approximately $13.8 million.
• American Electric Power reported a quarterly earnings per share (EPS) of $1.43, exceeding analyst estimates of $1.27 by $0.16, with a revenue of $5.09 billion for the quarter.
• The company is set to pay a quarterly dividend of $0.93 per share on September 10th, reflecting an annualized dividend yield of 3.3% and a payout ratio of 54.39%.

Trexquant Investment LP lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 257.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,416 shares of the company's stock after purchasing an additional 91,089 shares during the period. Trexquant Investment LP's holdings in American Electric Power were worth $13,813,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of American Electric Power by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company's stock valued at $5,711,519,000 after purchasing an additional 579,175 shares during the last quarter. Wellington Management Group LLP raised its stake in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock valued at $2,415,144,000 after buying an additional 4,323,569 shares during the last quarter. GQG Partners LLC boosted its holdings in American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Royal Bank of Canada grew its stake in shares of American Electric Power by 1.2% during the fourth quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock worth $649,983,000 after acquiring an additional 85,756 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of American Electric Power by 51.0% during the fourth quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock valued at $591,791,000 after acquiring an additional 2,165,888 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of AEP stock traded down $0.38 during trading hours on Wednesday, hitting $109.71. 665,068 shares of the company's stock were exchanged, compared to its average volume of 3,532,493. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $115.36. The firm has a market cap of $58.67 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.94 and a beta of 0.46. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $109.14 and a two-hundred day moving average of $106.04.

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 the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. 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 EPS for the current year.

American Electric Power Dividend Announcement

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

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Raymond James Financial reissued an "outperform" rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Guggenheim lifted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group upped their target price on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Finally, Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued 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 $111.29.

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.