American Electric Power Company, Inc. $AEP Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 45.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 301,513 shares of the company’s stock after purchasing an additional 94,707 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of American Electric Power worth $31,285,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in American Electric Power by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,126 shares of the company’s stock valued at $4,494,000 after purchasing an additional 1,678 shares during the period. Crestwood Advisors Group LLC grew its stake in American Electric Power by 6.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 8,445 shares of the company’s stock worth $923,000 after purchasing an additional 525 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in American Electric Power by 1.1% during the 1st quarter. HighPoint Advisor Group LLC now owns 21,156 shares of the company’s stock worth $2,295,000 after purchasing an additional 221 shares during the period. Finally, Ignite Planners LLC boosted its stake in shares of American Electric Power by 9.3% in the 1st quarter. Ignite Planners LLC now owns 3,970 shares of the company’s stock valued at $427,000 after buying an additional 338 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.2%

AEP stock opened at $123.51 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $124.80. The company’s 50 day moving average is $115.62 and its two-hundred day moving average is $109.73. The stock has a market cap of $65.97 billion, a P/E ratio of 18.00, a PEG ratio of 3.22 and a beta of 0.52.

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 the consensus estimate 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 net margin of 17.23% and a return on equity of 11.29%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter 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. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio is 55.39%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AEP shares. Jefferies Financial Group upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and upped their target price for the stock from $128.00 to $137.00 in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, October 8th. Scotiabank increased their price objective on shares of American Electric Power from $114.00 to $121.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $128.00 to $133.00 in a research report on Thursday, October 30th. Finally, Cowen began coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $125.03.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Following the transaction, the director owned 30,898 shares of the company’s stock, valued at $3,756,578.84. The trade was a 13.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,006 shares of company stock worth $1,851,422 in the last quarter. Insiders own 0.07% of the company’s stock.

About American Electric Power

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.