Tema Etfs LLC Grows Stake in American Electric Power Company, Inc. $AEP

Tema Etfs LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 47.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,376 shares of the company’s stock after buying an additional 17,467 shares during the quarter. Tema Etfs LLC’s holdings in American Electric Power were worth $6,117,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Soroban Capital Partners LP lifted its position in shares of American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in American Electric Power by 318.8% in 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. Amundi raised its stake 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 last quarter. State Street Corp lifted its holdings in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after purchasing an additional 653,712 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 sale, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Morgan Stanley set a $120.00 price objective on shares of American Electric Power in a report on Tuesday, December 16th. Cowen began coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Citigroup upped their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.87.

American Electric Power Stock Up 0.8%

Shares of NASDAQ AEP opened at $116.91 on Monday. The company has a market capitalization of $62.44 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.85 and a beta of 0.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. The company has a 50 day simple moving average of $118.14 and a 200-day simple moving average of $113.57. American Electric Power Company, Inc. has a 1 year low of $92.67 and a 1 year high of $124.80.

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

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.