Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in American Electric Power Company, Inc. $AEP

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 21.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 225,714 shares of the company’s stock after acquiring an additional 40,056 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American Electric Power were worth $23,420,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. grew its position in shares of American Electric Power by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after purchasing an additional 91 shares during the period. Eagle Strategies LLC raised its position in shares of American Electric Power by 1.7% during the 2nd 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 lifted its stake in American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after buying an additional 99 shares in the last quarter. Advantage Trust Co boosted its holdings 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 buying an additional 100 shares during the last quarter. Finally, Taylor Financial Group Inc. increased its stake in American Electric Power by 1.9% during the 2nd quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock worth $558,000 after buying an additional 100 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $121.58, for a total value of $607,900.00. Following the transaction, the director owned 30,898 shares of the company’s stock, valued at $3,756,578.84. This represents a 13.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the 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 transaction, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,006 shares of company stock worth $1,851,422 in the last 90 days. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their target price on American Electric Power from $123.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. UBS Group increased their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Jefferies Financial Group upgraded American Electric Power from a “hold” rating to a “buy” rating and raised their price objective for the company from $128.00 to $137.00 in a report on Monday. Wells Fargo & Company upped their target price on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.03.

American Electric Power Stock Performance

NASDAQ AEP opened at $123.51 on Wednesday. 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 stock’s fifty day moving average is $115.62 and its two-hundred day moving average is $109.73. The firm has a market capitalization of $65.97 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80.

American Electric Power (NASDAQ:AEP) last posted 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). 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 for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The firm’s revenue 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. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.1%. This is a positive change 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 payout ratio is 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.