Woodline Partners LP Buys 43,065 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Woodline Partners LP increased its stake in American Electric Power by 134.6%, owning 75,048 shares valued at $8.20 million as of the latest SEC filing.
• American Electric Power reported $1.43 EPS for the last quarter, surpassing expectations, with revenue increasing by 11.1% year-over-year to $5.09 billion.
• Analysts have mixed ratings for American Electric Power, with five showing a Buy rating and a consensus price target of $111.93.

Woodline Partners LP raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 134.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,048 shares of the company's stock after purchasing an additional 43,065 shares during the quarter. Woodline Partners LP's holdings in American Electric Power were worth $8,200,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new position in American Electric Power during the 1st quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in American Electric Power during the 4th quarter valued at about $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in American Electric Power in the first quarter valued at approximately $33,000. Finally, IMA Advisory Services Inc. bought a new stake in American Electric Power during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. UBS Group upped their target price on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research report on Thursday, July 31st. Scotiabank increased their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group cut their price objective on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $111.93.

American Electric Power Stock Up 0.7%

American Electric Power stock traded up $0.72 during mid-day trading on Friday, reaching $109.46. 2,180,621 shares of the company's stock were exchanged, compared to its average volume of 2,867,824. 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 has a fifty day moving average of $110.03 and a 200-day moving average of $106.26. The company has a market cap of $58.54 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.90 and a beta of 0.46. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business's quarterly 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 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.

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.