Massachusetts Financial Services Co. MA Trims Holdings in American Electric Power Company, Inc. $AEP

Massachusetts Financial Services Co. MA lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,632,163 shares of the company’s stock after selling 158,124 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.87% of American Electric Power worth $521,118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in American Electric Power by 0.4% during the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock worth $5,444,057,000 after purchasing an additional 197,998 shares in the last quarter. State Street Corp grew its stake in shares of American Electric Power by 2.3% in the second 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. Geode Capital Management LLC raised its holdings in shares of American Electric Power by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after buying an additional 285,000 shares during the period. Invesco Ltd. lifted its stake in American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after acquiring an additional 432,441 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in American Electric Power by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock valued at $509,709,000 after acquiring an additional 272,214 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $119.96 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $117.93 and a 200-day simple moving average of $114.10. The stock has a market cap of $64.07 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.63. American Electric Power Company, Inc. has a 12-month low of $96.80 and a 12-month high of $124.80.

American Electric Power (NASDAQ:AEP) last posted its 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 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 11.00%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a dividend of $0.95 per share. The ex-dividend date was 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 yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEP shares. Cowen began coverage on American Electric Power in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. BTIG Research started coverage on shares of American Electric Power in a research note on Tuesday, October 21st. They issued a “neutral” rating for the company. Williams Trading set a $137.00 target price on shares of American Electric Power in a research note on Thursday, December 18th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.

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.