Strs Ohio Purchases 146,347 Shares of American Electric Power Company, Inc. $AEP

Strs Ohio lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 35.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558,119 shares of the company’s stock after buying an additional 146,347 shares during the quarter. Strs Ohio’s holdings in American Electric Power were worth $62,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Soroban Capital Partners LP grew its holdings in American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Amundi lifted its position in shares of American Electric Power by 26.1% in the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after purchasing an additional 765,258 shares during the period. State Street Corp boosted its stake in shares of American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after purchasing an additional 653,712 shares in the last quarter. Invesco Ltd. raised its stake in American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of American Electric Power by 22.8% during the 2nd quarter. National Pension Service now owns 1,894,580 shares of the company’s stock worth $196,582,000 after purchasing an additional 352,198 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This represents a 16.18% decrease in their position. 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 corporate insiders.

Wall Street Analysts Forecast Growth

AEP has been the topic of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. Citigroup boosted their target price on shares of American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Barclays raised their target price on American Electric Power from $117.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Finally, Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.66.

American Electric Power Stock Down 1.5%

Shares of NASDAQ AEP opened at $117.18 on Friday. The stock has a market cap of $62.58 billion, a PE ratio of 17.08, a P/E/G ratio of 2.84 and a beta of 0.63. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 12-month low of $97.05 and a 12-month high of $124.80. The company has a 50-day moving average of $117.65 and a 200 day moving average of $114.38.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the company earned $1.85 earnings per share. American Electric Power’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

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.