American Electric Power Company, Inc. $AEP Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 50.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,567 shares of the company’s stock after selling 96,986 shares during the period. Teacher Retirement System of Texas’ holdings in American Electric Power were worth $9,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AEP. Brighton Jones LLC lifted its stake in American Electric Power by 11.5% in the 4th 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. Golden State Wealth Management LLC lifted its stake in American Electric Power by 18.6% in the 1st quarter. Golden State Wealth Management LLC now owns 10,951 shares of the company’s stock valued at $1,197,000 after buying an additional 1,715 shares in the last quarter. KBC Group NV lifted its stake in American Electric Power by 6.1% in the 1st quarter. KBC Group NV now owns 46,207 shares of the company’s stock valued at $5,049,000 after buying an additional 2,661 shares in the last quarter. Alta Advisers Ltd purchased a new position in American Electric Power in the 1st quarter valued at about $299,000. Finally, Mather Group LLC. lifted its stake in American Electric Power by 220.9% in the 1st quarter. Mather Group LLC. now owns 8,323 shares of the company’s stock valued at $909,000 after buying an additional 5,729 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Electric Power

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

American Electric Power Stock Up 6.1%

AEP stock opened at $122.11 on Thursday. The firm has a market cap of $65.30 billion, a PE ratio of 17.85, a PEG ratio of 3.03 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm’s 50 day moving average price is $112.65 and its 200-day moving average price is $108.31. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $122.79.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is presently 54.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEP. Morgan Stanley raised their price target on shares of American Electric Power from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group raised their price target on shares of American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Mizuho decreased their target price on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. LADENBURG THALM/SH SH decreased their target price on shares of 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, Evercore ISI began coverage on shares of American Electric Power in a research note on Monday, October 6th. They issued an “outperform” rating and a $133.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.79.

About American Electric Power

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.