Joseph Group Capital Management Has $4.37 Million Holdings in American Electric Power Company, Inc. $AEP

Joseph Group Capital Management boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,822 shares of the company’s stock after purchasing an additional 5,262 shares during the period. American Electric Power comprises 1.2% of Joseph Group Capital Management’s holdings, making the stock its 26th largest position. Joseph Group Capital Management’s holdings in American Electric Power were worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in American Electric Power by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after buying an additional 197,998 shares during the last quarter. State Street Corp raised its holdings 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 purchasing an additional 653,712 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of American Electric Power by 2.2% in the second 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 in the last quarter. Invesco Ltd. boosted its holdings in American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, Legal & General Group Plc grew its position in American Electric Power by 5.9% in the second quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock valued at $509,709,000 after purchasing an additional 272,214 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on AEP shares. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Williams Trading set a $137.00 target price on American Electric Power in a report on Thursday, December 18th. Evercore ISI restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Mizuho boosted their price target on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, BTIG Research initiated coverage on American Electric Power in a report on Tuesday, October 21st. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.87.

American Electric Power Trading Up 2.0%

American Electric Power stock opened at $115.93 on Friday. The stock has a 50-day simple moving average of $118.20 and a 200 day simple moving average of $113.32. The stock has a market capitalization of $61.92 billion, a P/E ratio of 16.90, a PEG ratio of 2.77 and a beta of 0.63. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power Company, Inc. has a 52 week low of $92.67 and a 52 week high of $124.80.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The business’s quarterly revenue 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. Analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Company 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.