American Electric Power Company, Inc. $AEP Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,003 shares of the company’s stock after purchasing an additional 1,348 shares during the period. Maryland State Retirement & Pension System’s holdings in American Electric Power were worth $2,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AEP. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power in the 2nd quarter valued at $31,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of American Electric Power in the 1st quarter valued at $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of American Electric Power in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions 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, September 12th. The stock was 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 represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president owned 5,676 shares in the company, valued at approximately $635,712. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. LADENBURG THALM/SH SH cut their price objective on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Morgan Stanley cut their price objective on American Electric Power from $117.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, UBS Group boosted their price objective on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a report on Friday. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.50.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $117.04 on Friday. The stock’s 50-day moving average is $111.44 and its two-hundred day moving average is $107.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $119.06. The company has a market cap of $62.59 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 3.09 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the business earned $1.25 EPS. American Electric Power’s revenue was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. The ex-dividend date was Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio is presently 54.39%.

American Electric Power Company 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.