IFM Investors Pty Ltd lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 7.2% during the second quarter, HoldingsChannel reports. The fund owned 118,185 shares of the company’s stock after purchasing an additional 7,977 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Electric Power were worth $12,263,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AEP. Vanguard Group Inc. increased its position in American Electric Power by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock worth $5,711,519,000 after purchasing an additional 579,175 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of American Electric Power by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after buying an additional 4,323,569 shares in the last quarter. GQG Partners LLC grew its stake in shares of American Electric Power by 30.4% in the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after buying an additional 4,570,941 shares in the last quarter. Northern Trust Corp grew its stake in shares of American Electric Power by 8.0% in the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after buying an additional 386,518 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at approximately $568,042,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
Insider Activity at American Electric Power
In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Report on American Electric Power
American Electric Power Stock Up 0.6%
AEP opened at $107.06 on Friday. The business has a 50 day moving average price of $110.29 and a 200 day moving average price of $106.31. 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 debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $57.25 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.46.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 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 company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’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. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.5%. American Electric Power’s payout ratio 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.
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