University of Texas Texas AM Investment Management Co. Lowers Stock Position in American Electric Power Company, Inc. $AEP

University of Texas Texas AM Investment Management Co. cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 99.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 365 shares of the company’s stock after selling 64,663 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in American Electric Power were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Venture Visionary Partners LLC grew its holdings in shares of American Electric Power by 7.3% in the second 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 in the last quarter. SteelPeak Wealth LLC purchased a new position in American Electric Power in the second quarter worth $7,722,000. GAMMA Investing LLC grew its stake in American Electric Power by 24.5% in the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock valued at $2,150,000 after purchasing an additional 3,867 shares during the period. TrueMark Investments LLC increased its position in shares of American Electric Power by 8.6% during the 2nd quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock valued at $5,289,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Vigilare Wealth Management bought a new stake in shares of American Electric Power during the 2nd quarter worth $556,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of American Electric Power from $121.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. TD Cowen began coverage on shares of American Electric Power in a research report on Thursday, October 16th. They set a “buy” rating and a $133.00 target price for the company. Scotiabank raised their price target on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on American Electric Power from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $119.74.

American Electric Power Price Performance

American Electric Power stock opened at $115.98 on Friday. The firm has a market capitalization of $62.02 billion, a P/E ratio of 16.96, a PEG ratio of 3.06 and a beta of 0.48. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $120.46. 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 business has a fifty day moving average price of $112.31 and a 200-day moving average price of $107.97.

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 analysts’ consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.95 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s payout ratio is currently 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.