Vontobel Holding Ltd. Purchases New Shares in American Electric Power Company, Inc. $AEP

Vontobel Holding Ltd. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,031 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its position in American Electric Power by 14.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after acquiring an additional 430 shares during the last quarter. Ritholtz Wealth Management bought a new position in American Electric Power in the 1st quarter valued at $262,000. Venture Visionary Partners LLC grew its position in American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock valued at $7,080,000 after acquiring an additional 4,616 shares during the last quarter. SteelPeak Wealth LLC bought a new position in American Electric Power in the 2nd quarter valued at $7,722,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in American Electric Power in the 1st quarter valued at $205,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP stock opened at $118.38 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $119.06. The stock’s 50-day moving average is $111.58 and its 200 day moving average is $107.31. The company has a market cap of $63.31 billion, a P/E ratio of 17.31, a PEG ratio of 3.09 and a beta of 0.48. 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 issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter 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 predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Scotiabank upped 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. Barclays increased their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho dropped their price target 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. LADENBURG THALM/SH SH dropped their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Finally, Evercore ISI initiated coverage on American Electric Power in a research report on Monday, October 6th. They set an “outperform” rating and a $133.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average price target of $114.90.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the completion of the sale, the director directly owned 35,898 shares of the company’s stock, valued at approximately $4,218,732.96. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by corporate insiders.

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.