Vontobel Holding Ltd. Acquires 5,923 Shares of American Electric Power Company, Inc. $AEP

Vontobel Holding Ltd. increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 195.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,954 shares of the company’s stock after purchasing an additional 5,923 shares during the period. Vontobel Holding Ltd.’s holdings in American Electric Power were worth $1,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Soroban Capital Partners LP increased its position in American Electric Power by 176.3% in the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the period. Ghisallo Capital Management LLC bought a new position in American Electric Power during the first quarter worth $153,524,000. Assenagon Asset Management S.A. raised its stake in American Electric Power by 318.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,244,640 shares of the company’s stock valued at $129,144,000 after purchasing an additional 947,418 shares during the last quarter. Yaupon Capital Management LP acquired a new position in American Electric Power during the 1st quarter valued at $98,343,000. Finally, Amundi boosted its holdings in American Electric Power by 26.1% in the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock valued at $381,510,000 after purchasing an additional 765,258 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several research reports. Williams Trading set a $137.00 price objective on shares of American Electric Power in a report on Thursday, December 18th. Citigroup lifted their target price on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. LADENBURG THALM/SH SH upped their price target on American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a report on Thursday, November 20th. BTIG Research started coverage on American Electric Power in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. Finally, Morgan Stanley set a $120.00 price objective on American Electric Power in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.87.

American Electric Power Stock Up 0.3%

Shares of AEP opened at $115.67 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $118.67 and a two-hundred day moving average price of $112.57. The stock has a market cap of $61.78 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.02 and a beta of 0.61. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $124.80.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts predict 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 was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Monday, November 10th. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Insider Activity

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, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,006 shares of company stock worth $1,883,522. 0.07% of the stock is owned by insiders.

American Electric Power Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.