Versor Investments LP Sells 13,739 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Versor Investments LP has reduced its stake in American Electric Power Company by 69.2%, selling 13,739 shares and now holding 6,105 shares worth $667,000.
• The company reported $1.43 earnings per share for the quarter, exceeding expectations and showing an 11.1% revenue increase year-over-year, with total revenue of $5.09 billion.
• American Electric Power declared a quarterly dividend of $0.93, resulting in an annualized dividend yield of 3.3% and a payout ratio of 54.39%.

Versor Investments LP lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 69.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,105 shares of the company's stock after selling 13,739 shares during the period. Versor Investments LP's holdings in American Electric Power were worth $667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. EQ Wealth Advisors LLC bought a new stake in shares of American Electric Power in the first quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of American Electric Power in the fourth quarter valued at approximately $28,000. Bank of New Hampshire bought a new stake in shares of American Electric Power in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power in the first quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of American Electric Power in the first quarter valued at approximately $35,000. Institutional investors own 75.24% of the company's stock.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the sale, the executive vice president owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 24,173 shares of company stock valued at $2,467,015. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Trading Down 0.9%

Shares of American Electric Power stock traded down $1.02 during trading on Monday, reaching $113.00. The company's stock had a trading volume of 2,332,054 shares, compared to its average volume of 3,646,117. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $115.36. The company has a market cap of $60.43 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.03 and a beta of 0.40. The firm's 50-day moving average is $108.00 and its two-hundred day moving average is $105.66. 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 (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The firm'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. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power's dividend payout ratio is 54.39%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Morgan Stanley lowered their price target on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. UBS Group boosted their price target 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. Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $122.00 price target (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.29.

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.