Spirepoint Private Client LLC Has $472,000 Stock Position in American Electric Power Company, Inc. $AEP

Spirepoint Private Client LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,545 shares of the company’s stock after acquiring an additional 269 shares during the quarter. Spirepoint Private Client LLC’s holdings in American Electric Power were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Nuveen LLC acquired a new position in shares of American Electric Power in the first quarter worth approximately $568,042,000. GQG Partners LLC lifted its stake in shares of American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares during the period. Wellington Management Group LLP lifted its stake in shares of American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after acquiring an additional 4,323,569 shares during the period. GAMMA Investing LLC lifted its stake in shares of American Electric Power by 13,499.5% in the first quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company’s stock worth $234,954,000 after acquiring an additional 2,134,404 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock worth $192,827,000 after acquiring an additional 1,726,868 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In related news, 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 in the company, valued at approximately $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AEP shares. LADENBURG THALM/SH SH lowered their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Mizuho lowered their target price on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Morgan Stanley lowered their target price on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Scotiabank lifted their target price on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $111.63.

American Electric Power Trading Up 1.2%

NASDAQ AEP opened at $109.14 on Friday. The company has a market cap of $58.37 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.85 and a beta of 0.46. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The business has a 50 day moving average price of $110.54 and a 200-day moving average price of $106.44. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. American Electric Power’s payout ratio is currently 54.39%.

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.