Tradewinds LLC. Makes New Investment in American Electric Power Company, Inc. $AEP

Tradewinds LLC. bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,982 shares of the company’s stock, valued at approximately $898,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Soroban Capital Partners LP raised its stake 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 valued at $415,526,000 after acquiring an additional 2,555,415 shares during the period. Amundi raised its position in shares of American Electric Power by 26.1% in the second 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. State Street Corp lifted its stake in shares of American Electric Power by 2.3% during the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after buying an additional 653,712 shares in the last quarter. Invesco Ltd. boosted its holdings in American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares during the period. Finally, National Pension Service grew its stake in American Electric Power by 22.8% in the 2nd quarter. National Pension Service now owns 1,894,580 shares of the company’s stock valued at $196,582,000 after buying an additional 352,198 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEP. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. The Goldman Sachs Group boosted their target price on American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Barclays raised their price target on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Wells Fargo & Company lifted their price target on American Electric Power from $132.00 to $139.00 in a research report on Thursday, October 30th. Finally, Siebert Williams Shank initiated coverage on shares of American Electric Power in a research report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned 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 an average price target of $127.13.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $119.96 on Monday. The stock’s 50-day moving average is $117.93 and its 200 day moving average is $114.10. The stock has a market cap of $64.07 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.87 and a beta of 0.63. American Electric Power Company, Inc. has a 1-year low of $96.80 and a 1-year high of $124.80. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

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). The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations 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 revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, November 10th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s payout ratio is 55.39%.

About American Electric Power

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.