American Electric Power Company, Inc. $AEP Shares Sold by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd reduced its stake in American Electric Power Company by 63.5%, holding shares worth $4.64 million by the end of the first quarter.
• Institutional investors collectively own 75.24% of American Electric Power's shares, with notable changes including D. E. Shaw & Co. Inc. increasing their holdings by 138.5%.
• The company recently announced a quarterly dividend of $0.93, yielding approximately 3.5%, which will be paid on September 10th.

UniSuper Management Pty Ltd lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 63.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,437 shares of the company's stock after selling 73,753 shares during the period. UniSuper Management Pty Ltd's holdings in American Electric Power were worth $4,637,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AEP. Clarius Group LLC boosted its stake in American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after buying an additional 95 shares during the period. Safeguard Investment Advisory Group LLC lifted its stake in American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after acquiring an additional 100 shares during the period. Marcum Wealth LLC lifted its position in shares of American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after buying an additional 101 shares during the last quarter. Ascent Group LLC lifted its position in shares of American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after buying an additional 102 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its position in shares of American Electric Power by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company's stock valued at $368,000 after buying an additional 103 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.7%

NASDAQ:AEP traded up $0.72 on Friday, reaching $109.46. 2,180,621 shares of the company's stock were exchanged, compared to its average volume of 3,524,997. The business has a fifty day moving average of $109.91 and a 200-day moving average of $106.25. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36. The firm has a market capitalization of $58.54 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm earned $1.25 earnings per share. 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. As a group, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

Analysts Set New Price Targets

AEP has been the subject of several analyst reports. Morgan Stanley reissued an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Barclays raised their price target on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. UBS Group lifted their price target on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Jefferies Financial Group decreased their price objective on American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Raymond James Financial restated an "outperform" rating and issued a $122.00 price objective (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, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $111.93.

Insider Transactions at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company'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 completion of the transaction, the executive vice president directly 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 document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.

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.