American Electric Power Company, Inc. $AEP Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497,091 shares of the company’s stock after buying an additional 858 shares during the quarter. American Electric Power makes up approximately 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 28th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in American Electric Power were worth $51,578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. EQ Wealth Advisors LLC purchased a new position in shares of American Electric Power during the first quarter worth about $25,000. Bank of New Hampshire purchased a new position in shares of American Electric Power during the first quarter worth about $28,000. Bayforest Capital Ltd purchased a new position in shares of American Electric Power during the first quarter worth about $31,000. Missouri Trust & Investment Co purchased a new position in shares of American Electric Power during the second quarter worth about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power during the first quarter worth about $33,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.7%

Shares of American Electric Power stock opened at $108.88 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. The company has a market capitalization of $58.23 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.86 and a beta of 0.46. The business has a 50 day moving average price of $110.47 and a 200 day moving average price of $106.40.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.25 EPS. 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. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on AEP shares. Morgan Stanley reaffirmed an “overweight” rating on shares of American Electric Power in a report on Thursday, August 21st. UBS Group lifted their price objective on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a report on Thursday, July 31st. Mizuho lowered their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Barclays lifted their price objective on American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, LADENBURG THALM/SH SH lowered their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.50.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

American Electric Power Company 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.