Vigilare Wealth Management Invests $556,000 in American Electric Power Company, Inc. $AEP

Vigilare Wealth Management bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, Holdings Channel reports. The fund bought 5,354 shares of the company’s stock, valued at approximately $556,000.

Several other large investors have also recently added to or reduced their stakes in AEP. Nuveen LLC acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $568,042,000. GQG Partners LLC boosted its position in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP boosted its position in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. Bessemer Group Inc. boosted its position in American Electric Power by 4,567.3% during the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock worth $192,827,000 after acquiring an additional 1,726,868 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in American Electric Power during the first quarter worth approximately $153,524,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

American Electric Power stock opened at $112.50 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 2.91 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. The firm’s fifty day moving average price is $110.61 and its 200 day moving average price is $106.55.

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, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The firm’s quarterly revenue 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. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s payout ratio is 54.39%.

Insider Transactions at American Electric Power

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

Analysts Set New Price Targets

AEP has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. LADENBURG THALM/SH SH decreased their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Barclays lifted their price target on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Jefferies Financial Group decreased their price target 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, September 11th. Finally, Mizuho decreased their price target on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Five investment 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 data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price 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.