Vise Technologies Inc. Acquires New Shares in American Electric Power Company, Inc. $AEP

Vise Technologies Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,758 shares of the company’s stock, valued at approximately $2,258,000.

Other institutional investors have also added to or reduced their stakes in the company. Alpha Cubed Investments LLC lifted its position in shares of American Electric Power by 12.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 658,938 shares of the company’s stock worth $68,371,000 after purchasing an additional 71,527 shares during the period. Allworth Financial LP increased its holdings in American Electric Power by 105.9% during the second quarter. Allworth Financial LP now owns 33,396 shares of the company’s stock valued at $3,465,000 after buying an additional 17,175 shares during the period. Joseph Group Capital Management raised its stake in American Electric Power by 8.9% in the second quarter. Joseph Group Capital Management now owns 33,560 shares of the company’s stock worth $3,482,000 after buying an additional 2,753 shares in the last quarter. ProShare Advisors LLC lifted its holdings in American Electric Power by 6.7% during the second quarter. ProShare Advisors LLC now owns 831,349 shares of the company’s stock worth $86,261,000 after buying an additional 52,282 shares during the period. Finally, Profund Advisors LLC lifted its holdings in American Electric Power by 19.7% during the second quarter. Profund Advisors LLC now owns 66,590 shares of the company’s stock worth $6,909,000 after buying an additional 10,962 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AEP shares. Mizuho boosted their price target on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” 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 on the stock. BMO Capital Markets set a $126.00 price target on shares of American Electric Power in a research report on Thursday, October 30th. Wells Fargo & Company raised their price target on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Finally, BTIG Research assumed coverage on shares of American Electric Power in a research report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.50.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $4,443,567.70. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by insiders.

American Electric Power Stock Performance

AEP opened at $122.73 on Wednesday. The company has a market cap of $65.55 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average price is $114.22 and its 200-day moving average price is $109.21. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $123.31.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. 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. American Electric Power’s dividend payout ratio is presently 55.39%.

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.