Voleon Capital Management LP Buys Shares of 2,452 American Electric Power Company, Inc. $AEP

Key Points

• Voleon Capital Management LP acquired 2,452 shares of American Electric Power Company, valued at approximately $268,000, according to recent SEC filings.
• American Electric Power reported earnings of $1.43 per share, surpassing analysts' estimates of $1.27, with a revenue of $5.09 billion for the quarter.
• The company declared a quarterly dividend of $0.93 per share, representing an annualized yield of 3.4%, set to be paid on September 10th.

Voleon Capital Management LP bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,452 shares of the company's stock, valued at approximately $268,000.

Other institutional investors have also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the first quarter worth about $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power in the first quarter valued at approximately $33,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $28,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insiders Place Their Bets

In related news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated 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 sale, the executive vice president 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AEP shares. Mizuho set a $116.00 price objective on American Electric Power and gave the company a "neutral" rating in a research note on Thursday, July 31st. Morgan Stanley reaffirmed an "overweight" rating on shares of American Electric Power in a research note on Thursday, August 21st. Barclays upped their price objective on American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Jefferies Financial Group lowered their price objective on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Five 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 company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $111.93.

American Electric Power Stock Down 0.2%

NASDAQ:AEP traded down $0.25 during trading hours on Monday, hitting $109.21. 371,910 shares of the company traded hands, compared to its average volume of 3,506,661. 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's 50-day simple moving average is $110.03 and its 200-day simple moving average is $106.27. 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 cap of $58.41 billion, a PE ratio of 15.97, a PEG ratio of 2.90 and a beta of 0.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period last year, the firm posted $1.25 EPS. The business'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. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

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

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.