Ontario Teachers Pension Plan Board Acquires 10,175 Shares of American Electric Power Company, Inc. $AEP

Ontario Teachers Pension Plan Board raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 43.3% in the second quarter, Holdings Channel.com reports. The fund owned 33,680 shares of the company’s stock after acquiring an additional 10,175 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in American Electric Power were worth $3,495,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AEP. Advantage Trust Co boosted its holdings in American Electric Power by 57.1% in the second quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Montag A & Associates Inc. raised its holdings in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Bayforest Capital Ltd bought a new position in American Electric Power during the first quarter valued at about $31,000. Missouri Trust & Investment Co acquired a new stake in shares of American Electric Power in the second quarter worth about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of American Electric Power during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $121.30 on Friday. The stock has a market cap of $64.79 billion, a P/E ratio of 17.68, a PEG ratio of 3.22 and a beta of 0.52. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $123.31. The company has a fifty day moving average price of $115.00 and a 200 day moving average price of $109.50. 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 (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $0.95 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s payout ratio is currently 55.39%.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, October 10th. The shares were sold at an average price of $117.52, for a total transaction of $587,600.00. Following the sale, the director owned 35,898 shares in the company, valued at $4,218,732.96. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,006 shares of company stock valued at $1,243,522 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Morgan Stanley boosted their target price on American Electric Power from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Scotiabank upped their price objective on shares of American Electric Power from $114.00 to $121.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. LADENBURG THALM/SH SH lowered their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 10th. Finally, UBS Group boosted their target price on shares of American Electric Power from $110.00 to $116.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $124.50.

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.