Vise Technologies Inc. Invests $2.26 Million in American Electric Power Company, Inc. $AEP

Vise Technologies Inc. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,758 shares of the company’s stock, valued at approximately $2,258,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Advantage Trust Co boosted its holdings in shares of American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of American Electric Power in the first quarter worth about $31,000. Missouri Trust & Investment Co purchased a new stake in shares of American Electric Power in the second quarter worth about $31,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power during the first quarter valued at approximately $33,000. Finally, GoalVest Advisory LLC grew its holdings in American Electric Power by 277.1% during the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after buying an additional 230 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the completion of the sale, the director owned 35,898 shares in the company, valued at $4,218,732.96. This trade represents a 12.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,006 shares of company stock valued at $1,243,522 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEP. Wells Fargo & Company upped their price objective on American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Jefferies Financial Group upped their price target on shares of American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Citigroup lifted their price objective on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Evercore ISI restated an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.50.

American Electric Power Stock Performance

American Electric Power stock opened at $122.73 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a market capitalization of $65.55 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $123.31. The company’s 50-day moving average is $114.22 and its 200 day moving average is $109.21.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is 55.39%.

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.