Vident Advisory LLC Buys 7,667 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Vident Advisory LLC increased its holdings in American Electric Power Company by 61.8% during the first quarter, owning over 20,000 shares valued at around $2.19 million as of the end of that quarter.
• American Electric Power reported earnings of $1.43 EPS, surpassing analysts’ estimates of $1.27, and its revenue for the quarter was $5.09 billion, which was above expectations as well.
• The company announced a quarterly dividend of $0.93 per share, resulting in an annualized dividend of $3.72 and a yield of 3.4%.

Vident Advisory LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 61.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,080 shares of the company's stock after purchasing an additional 7,667 shares during the period. Vident Advisory LLC's holdings in American Electric Power were worth $2,194,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in American Electric Power during the fourth quarter worth $28,000. Bank of New Hampshire bought a new position in shares of American Electric Power during the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of American Electric Power during the first quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of American Electric Power in the 1st quarter valued at $35,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.5%

American Electric Power stock traded down $0.53 during mid-day trading on Friday, hitting $108.11. 3,664,308 shares of the company's stock were exchanged, compared to its average volume of 2,921,091. 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 company's 50 day simple moving average is $109.55 and its 200-day simple moving average is $106.19. 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 capitalization of $57.82 billion, a P/E ratio of 15.81, a PEG ratio of 2.87 and a beta of 0.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.85 billion. During the same period in the prior year, the business earned $1.25 EPS. American Electric Power's revenue for the quarter 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. On average, equities analysts anticipate 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 announced 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.4%. American Electric Power's dividend payout ratio is presently 54.39%.

Insider Activity

In related news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction dated 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 directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price 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. Mizuho set a $116.00 price objective on shares of American Electric Power and gave the stock a "neutral" rating in a report on Thursday, July 31st. Scotiabank lifted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Finally, UBS Group raised their price target on American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.