iA Global Asset Management Inc. Grows Stock Holdings in American Electric Power Company, Inc. $AEP

iA Global Asset Management Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 48.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,856 shares of the company’s stock after buying an additional 28,698 shares during the period. iA Global Asset Management Inc.’s holdings in American Electric Power were worth $9,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in American Electric Power during the third quarter worth $26,000. Advantage Trust Co grew its holdings in American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. grew its holdings in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after buying an additional 230 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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, 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 transaction, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Price Performance

American Electric Power stock opened at $116.63 on Friday. The stock has a market capitalization of $62.29 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.80 and a beta of 0.63. American Electric Power Company, Inc. has a 12-month low of $97.05 and a 12-month high of $124.80. 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 firm’s 50-day moving average is $117.56 and its two-hundred day moving average is $114.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The business’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 EPS. 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 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s payout ratio is currently 55.39%.

Wall Street Analyst Weigh In

Several equities research analysts 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. Wells Fargo & Company lifted their target price on shares of American Electric Power from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $125.00 price target on shares of American Electric Power in a report on Wednesday. UBS Group lowered their price target on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, December 17th. Finally, BTIG Research started coverage on American Electric Power in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.66.

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.