Metis Global Partners LLC Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Metis Global Partners LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,191 shares of the company’s stock after buying an additional 3,119 shares during the quarter. Metis Global Partners LLC’s holdings in American Electric Power were worth $5,000,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Gilbert & Cook Inc. grew its stake in shares of American Electric Power by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock worth $419,000 after acquiring an additional 91 shares in the last quarter. Eagle Strategies LLC boosted its holdings in American Electric Power by 1.7% during the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after purchasing an additional 94 shares during the last quarter. McIlrath & Eck LLC grew its position in American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after purchasing an additional 99 shares in the last quarter. Advantage Trust Co grew its position in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Taylor Financial Group Inc. increased its stake in American Electric Power by 1.9% in the 2nd quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock valued at $558,000 after buying an additional 100 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, September 12th. The stock was 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 in the company, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,006 shares of company stock valued at $1,243,522 over the last quarter. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research analyst reports. UBS Group boosted their target price on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price objective on American Electric Power from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Cowen assumed coverage on American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. LADENBURG THALM/SH SH lowered their target price 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, TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

American Electric Power Stock Up 1.6%

AEP stock opened at $121.43 on Friday. The stock has a fifty day moving average of $113.74 and a 200-day moving average of $108.98. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $122.85. The company has a market capitalization of $65.00 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 3.22 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business 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 17.23% and a return on equity of 11.29%. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

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.