American Electric Power Company, Inc. $AEP Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,088,876 shares of the company’s stock after selling 76,236 shares during the period. Mawer Investment Management Ltd. owned 0.20% of American Electric Power worth $112,982,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its position in shares of American Electric Power by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after buying an additional 91 shares during the last quarter. Eagle Strategies LLC increased its position in shares of American Electric Power by 1.7% during the second quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after purchasing an additional 94 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after purchasing an additional 99 shares during the last quarter. Advantage Trust Co lifted its stake 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 buying an additional 100 shares during the last quarter. Finally, Taylor Financial Group Inc. increased its holdings in shares of American Electric Power by 1.9% in the 2nd quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock valued at $558,000 after acquiring an additional 100 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $117.52, for a total value of $587,600.00. Following the sale, the director owned 35,898 shares of the company’s stock, valued at $4,218,732.96. This represents a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,006 shares of company stock valued at $1,243,522. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Up 0.9%

AEP opened at $122.56 on Tuesday. The firm has a market cap of $65.46 billion, a P/E ratio of 17.87, a PEG ratio of 3.22 and a beta of 0.52. The business’s fifty day simple moving average is $113.97 and its 200 day simple moving average is $109.10. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $123.31. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last released 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 firm had revenue of $6.01 billion during 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 11.29%. American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.95 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s payout ratio is presently 55.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AEP shares. Barclays boosted their price target on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. LADENBURG THALM/SH SH cut their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Scotiabank lifted their price target 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. JPMorgan Chase & Co. lifted their price objective on American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, UBS Group upped their target price on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.50.

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.