Elo Mutual Pension Insurance Co Grows Position in American Electric Power Company, Inc. $AEP

Elo Mutual Pension Insurance Co raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,424 shares of the company’s stock after buying an additional 4,766 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in American Electric Power were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AEP. Brighton Jones LLC grew its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Electric Power by 5.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,343 shares of the company’s stock worth $14,789,000 after buying an additional 6,408 shares during the period. Mackenzie Financial Corp grew its holdings in shares of American Electric Power by 47.9% during the first quarter. Mackenzie Financial Corp now owns 412,577 shares of the company’s stock worth $45,082,000 after buying an additional 133,714 shares during the last quarter. Foundations Investment Advisors LLC increased its position in American Electric Power by 83.6% in the 1st quarter. Foundations Investment Advisors LLC now owns 13,846 shares of the company’s stock valued at $1,513,000 after acquiring an additional 6,305 shares during the period. Finally, Marco Investment Management LLC acquired a new position in American Electric Power in the 1st quarter valued at about $233,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $121.58, for a total value of $607,900.00. Following the completion of the transaction, the director owned 30,898 shares in the company, valued at $3,756,578.84. This trade represents a 13.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,006 shares of company stock valued at $1,851,422. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Up 0.9%

NASDAQ AEP opened at $122.72 on Thursday. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $124.80. The company has a market capitalization of $65.54 billion, a P/E ratio of 17.89, a PEG ratio of 3.22 and a beta of 0.52. The company’s 50 day simple moving average is $117.22 and its 200 day simple moving average is $110.35. 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 business 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 company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Monday, November 10th. American Electric Power’s payout ratio is presently 55.39%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEP. Cowen assumed coverage on American Electric Power in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Barclays lifted their price objective on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Citigroup upped their price objective on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, BTIG Research started coverage on shares of American Electric Power in a research report on Tuesday, October 21st. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

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.