Yaupon Capital Management LP Takes $98.34 Million Position in American Electric Power Company, Inc. $AEP

Key Points

• Yaupon Capital Management LP has acquired a new position in American Electric Power, purchasing 900,000 shares valued at approximately $98.34 million, making it the firm's largest position.
• Several institutional investors, including Vanguard Group and Wellington Management, have also increased their stakes in American Electric Power, indicating strong institutional interest in the company.
• American Electric Power recently reported a quarterly earnings per share of $1.43, exceeding analysts' expectations and marking an 11.1% revenue increase year-over-year.

Yaupon Capital Management LP acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 900,000 shares of the company's stock, valued at approximately $98,343,000. American Electric Power accounts for approximately 5.0% of Yaupon Capital Management LP's holdings, making the stock its biggest holding. Yaupon Capital Management LP owned about 0.17% of American Electric Power as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AEP. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power in the first quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of American Electric Power during the first quarter worth about $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of American Electric Power during the first quarter worth about $35,000. Institutional investors own 75.24% of the company's stock.

American Electric Power Stock Up 0.7%

NASDAQ:AEP traded up $0.72 during mid-day trading on Friday, hitting $109.46. 2,180,621 shares of the company's stock traded hands, compared to its average volume of 2,876,504. The company has a fifty day moving average of $110.03 and a 200 day moving average of $106.26. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The company has a market capitalization of $58.54 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.88 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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 company 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 company posted $1.25 EPS. The firm'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. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AEP shares. Mizuho set a $116.00 price target on American Electric Power and gave the company a "neutral" rating in a report on Thursday, July 31st. Morgan Stanley reiterated an "overweight" rating on shares of American Electric Power in a report on Thursday, August 21st. Scotiabank raised their price target on American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Finally, Jefferies Financial Group decreased their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus target price of $111.93.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business's 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 sale, the executive vice president owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company's stock.

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.