Winthrop Capital Management LLC Makes New $53,000 Investment in American Electric Power Company, Inc. $AEP

Winthrop Capital Management LLC acquired a new stake in shares of 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 513 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Electric Power by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after acquiring an additional 579,175 shares in the last quarter. Wellington Management Group LLP grew its position in American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. GQG Partners LLC raised its stake in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Northern Trust Corp raised its stake in American Electric Power by 8.0% during the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after purchasing an additional 386,518 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of American Electric Power in the first quarter valued at $568,042,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.6%

AEP opened at $121.43 on Friday. The company has a market capitalization of $65.00 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $122.85. The business has a 50-day moving average of $113.74 and a 200-day moving average of $108.98.

American Electric Power (NASDAQ:AEP) last announced 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 net margin of 17.23% and a return on equity of 11.29%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the firm posted $1.85 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is 55.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AEP. UBS Group lifted their price target on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. The Goldman Sachs Group raised their price objective on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Mizuho lifted their target price on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Morgan Stanley increased their price target on shares of American Electric Power from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Evercore ISI restated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.50.

Insiders Place Their Bets

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s 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 completion of the sale, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,006 shares of company stock worth $1,243,522 in the last 90 days. 0.07% of the stock is owned by insiders.

American Electric Power Company 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.