American Electric Power Company, Inc. $AEP Stock Position Raised by LS Investment Advisors LLC

LS Investment Advisors LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,640 shares of the company’s stock after acquiring an additional 1,230 shares during the quarter. LS Investment Advisors LLC’s holdings in American Electric Power were worth $1,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AEP. Brighton Jones LLC grew its holdings in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of American Electric Power during the 4th quarter worth about $2,121,000. Ameriflex Group Inc. acquired a new position in shares of American Electric Power during the 4th quarter worth about $41,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American Electric Power during the 4th quarter worth about $19,389,000. Finally, Park Square Financial Group LLC acquired a new position in shares of American Electric Power during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the sale, the director owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $107.86 on Friday. The business’s 50-day moving average price is $110.51 and its two-hundred day moving average price is $106.40. 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 $57.68 billion, a price-to-earnings ratio of 15.77, 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 current ratio of 0.55 and a quick ratio of 0.41.

American Electric Power (NASDAQ:AEP) last released its quarterly 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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on AEP shares. Jefferies Financial Group cut their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Raymond James Financial restated an “outperform” rating and set a $122.00 price target (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Mizuho decreased their price objective on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Scotiabank increased their price objective on American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley cut their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.63.

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.