Hudson Edge Investment Partners Inc. Increases Stock Position in American Electric Power Company, Inc. $AEP

Hudson Edge Investment Partners Inc. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,836 shares of the company’s stock after purchasing an additional 7,683 shares during the quarter. American Electric Power accounts for about 1.3% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 15th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in American Electric Power were worth $7,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. West Family Investments Inc. purchased a new position in American Electric Power in the second quarter worth $256,000. Venture Visionary Partners LLC lifted its stake in American Electric Power by 7.3% during the second quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of American Electric Power by 9.0% in the 2nd quarter. Apollon Wealth Management LLC now owns 26,240 shares of the company’s stock worth $2,723,000 after purchasing an additional 2,175 shares in the last quarter. Invesco Ltd. raised its holdings in shares of American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after buying an additional 432,441 shares in the last quarter. Finally, Community Financial Services Group LLC bought a new stake in American Electric Power in the 3rd quarter worth approximately $4,379,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $118.98 on Thursday. 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 company has a 50-day moving average price of $117.73 and a 200-day moving average price of $114.36. The company has a market cap of $63.55 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.85 and a beta of 0.63. American Electric Power Company, Inc. has a 12 month low of $96.85 and a 12 month high of $124.80.

American Electric Power (NASDAQ:AEP) last announced 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). 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 11.00%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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

Insider Activity at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’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 completion of the sale, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEP. Mizuho increased their price target on shares of American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. LADENBURG THALM/SH SH upped their price objective on shares of American Electric Power from $108.50 to $124.50 and gave the company a “neutral” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Finally, Bank of America lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $131.00 to $122.00 in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $127.66.

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.