WINTON GROUP Ltd Buys Shares of 30,654 American Electric Power Company, Inc. $AEP

WINTON GROUP Ltd purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,654 shares of the company’s stock, valued at approximately $3,181,000.

A number of other institutional investors also recently modified their holdings of the company. GQG Partners LLC raised its stake in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after buying an additional 4,570,941 shares during the last quarter. Wellington Management Group LLP boosted its position in American Electric Power by 24.3% during the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in American Electric Power during the 1st quarter worth about $153,524,000. Assenagon Asset Management S.A. raised its position in shares of American Electric Power by 318.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,244,640 shares of the company’s stock worth $129,144,000 after acquiring an additional 947,418 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of American Electric Power by 39.0% in the 1st quarter. Raymond James Financial Inc. now owns 3,330,280 shares of the company’s stock valued at $363,900,000 after purchasing an additional 934,287 shares during the period. 75.24% of the stock is owned by institutional investors.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction 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 in the company, valued at approximately $635,712. This represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 16,006 shares of company stock worth $1,851,422. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on AEP shares. Mizuho raised their target price on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. TD Cowen upgraded American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Cowen began coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Jefferies Financial Group upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and boosted their target price for the company from $128.00 to $137.00 in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $125.85.

American Electric Power Stock Performance

Shares of AEP stock opened at $115.73 on Tuesday. 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 firm has a fifty day simple moving average of $119.02 and a two-hundred day simple moving average of $111.39. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $124.80. The firm has a market capitalization of $61.81 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.07 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $0.95 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio is 55.39%.

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.