American Electric Power Company, Inc. $AEP Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 61,252 shares of the company’s stock after selling 744 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Electric Power were worth $6,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEP. Nuveen LLC acquired a new position in American Electric Power in the first quarter valued at $568,042,000. GQG Partners LLC boosted its stake in American Electric Power by 30.4% in the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock valued at $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Wellington Management Group LLP boosted its stake in American Electric Power by 24.3% in 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 in the last quarter. Bessemer Group Inc. boosted its stake in American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company’s stock valued at $192,827,000 after acquiring an additional 1,726,868 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in American Electric Power in the first quarter valued at $153,524,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,006 shares of company stock valued at $1,243,522 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Trading Up 0.2%

NASDAQ AEP opened at $117.82 on Tuesday. The stock has a market capitalization of $63.01 billion, a P/E ratio of 17.23, a P/E/G ratio of 3.10 and a beta of 0.48. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $120.46. The firm has a 50-day moving average price of $111.98 and a 200 day moving average price of $107.59. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on AEP. Raymond James Financial restated an “outperform” rating and issued a $122.00 price objective (up previously from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Mizuho decreased their target price on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. 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. The Goldman Sachs Group increased their target price on shares of American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $119.26.

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.