Y Intercept Hong Kong Ltd Increases Stake in American Electric Power Company, Inc. $AEP

Y Intercept Hong Kong Ltd lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 117.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,426 shares of the company’s stock after buying an additional 49,305 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Electric Power were worth $10,285,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AEP. Cary Street Partners Investment Advisory LLC lifted its stake in American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after purchasing an additional 89 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in American Electric Power by 2.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after buying an additional 91 shares in the last quarter. Eagle Strategies LLC boosted its position in shares of American Electric Power by 1.7% during the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after acquiring an additional 94 shares during the last quarter. Cascade Investment Group Inc. increased its position in American Electric Power by 1.9% in the third quarter. Cascade Investment Group Inc. now owns 5,190 shares of the company’s stock worth $584,000 after purchasing an additional 98 shares during the last quarter. Finally, Graves Light Lenhart Wealth Inc. grew its stake in shares of American Electric Power by 1.5% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 6,870 shares of the company’s stock worth $773,000 after buying an additional 99 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently 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 report on Thursday, October 30th. Jefferies Financial Group raised 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. BTIG Research initiated coverage on American Electric Power in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. Siebert Williams Shank initiated coverage on shares of American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective for the company. Finally, Barclays boosted their price objective on shares of American Electric Power from $117.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday. One research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.66.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated 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 directly owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Performance

AEP stock opened at $116.63 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.05 and a twelve month high of $124.80. The firm has a market cap of $62.29 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.80 and a beta of 0.63. The business’s fifty day simple moving average is $117.56 and its two-hundred day simple moving average is $114.46. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The company’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. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. American Electric Power’s payout ratio is presently 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.