Ellsworth Advisors LLC Grows Position in American Electric Power Company, Inc. $AEP

Ellsworth Advisors LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,994 shares of the company’s stock after purchasing an additional 1,216 shares during the period. American Electric Power makes up 1.5% of Ellsworth Advisors LLC’s portfolio, making the stock its 18th largest holding. Ellsworth Advisors LLC’s holdings in American Electric Power were worth $5,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock worth $5,711,519,000 after purchasing an additional 579,175 shares during the period. Wellington Management Group LLP boosted its stake in shares of American Electric Power by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after purchasing an additional 4,323,569 shares during the period. GQG Partners LLC boosted its stake in shares of American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Royal Bank of Canada lifted its holdings in American Electric Power by 1.2% during the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company’s stock valued at $649,983,000 after buying an additional 85,756 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in American Electric Power by 8.0% during the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock valued at $572,332,000 after buying an additional 386,518 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Down 0.0%

NASDAQ:AEP opened at $108.33 on Thursday. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $115.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market cap of $57.93 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.87 and a beta of 0.46. The firm has a 50-day simple moving average of $109.80 and a 200-day simple moving average of $106.24.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AEP shares. Morgan Stanley reiterated an “overweight” rating on shares of American Electric Power in a report on Thursday, August 21st. Barclays lifted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Raymond James Financial reiterated an “outperform” rating and set a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Scotiabank lifted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Mizuho set a $116.00 price objective on shares of American Electric Power and gave the company a “neutral” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $111.29.

Insider Activity at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,058 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the transaction, the executive vice president owned 10,274 shares in the company, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by company insiders.

American Electric Power Profile

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.