NBW Capital LLC Purchases Shares of 2,125 American Electric Power Company, Inc. $AEP

NBW Capital LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,125 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also modified their holdings of AEP. Vanguard Group Inc. grew its holdings 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 acquiring an additional 197,998 shares during the period. Wellington Management Group LLP boosted its position 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 valued at $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. GQG Partners LLC boosted its position 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 valued at $2,145,130,000 after purchasing an additional 4,570,941 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $1,379,532,000 after purchasing an additional 285,000 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of American Electric Power by 8.0% in the 1st quarter. Northern Trust Corp now owns 5,237,782 shares of the company’s stock worth $572,332,000 after purchasing an additional 386,518 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $120.51 on Tuesday. The company’s fifty day moving average is $118.13 and its two-hundred day moving average is $110.88. The company has a market cap of $64.36 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $124.80. 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 issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The business 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 11.29%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. American Electric Power’s payout ratio is currently 55.39%.

Insider Buying and Selling

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction 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. The trade was 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 over the last ninety days. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on AEP shares. Barclays increased their target price on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Evercore ISI reiterated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. UBS Group raised their price objective on American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Wells Fargo & Company lifted their target price on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Finally, Cowen initiated coverage on American Electric Power in a report on Wednesday, October 15th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.85.

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.