American Electric Power Company, Inc. $AEP Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 46.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,770 shares of the company’s stock after acquiring an additional 3,718 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in American Electric Power were worth $1,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AEP. Gilbert & Cook Inc. raised its stake in shares of American Electric Power by 2.3% during the second quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after purchasing an additional 91 shares in the last quarter. Eagle Strategies LLC increased its stake in 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 buying an additional 94 shares during the period. McIlrath & Eck LLC raised its position in shares of American Electric Power by 3.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares in the last quarter. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Finally, Taylor Financial Group Inc. boosted its holdings in shares of American Electric Power by 1.9% in the second quarter. Taylor Financial Group Inc. now owns 5,376 shares of the company’s stock valued at $558,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AEP. Scotiabank boosted their target price on American Electric Power from $114.00 to $121.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Citigroup lifted their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. UBS Group raised their target price on American Electric Power from $110.00 to $116.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Barclays lifted their target price on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

American Electric Power Stock Down 0.0%

Shares of American Electric Power stock opened at $122.67 on Monday. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $124.80. The firm has a market capitalization of $65.52 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The stock’s fifty day moving average is $117.86 and its 200-day moving average is $110.74.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 17.23% and a return on equity of 11.29%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities 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. Stockholders of record on Monday, November 10th will be issued a dividend of $0.95 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is presently 55.39%.

Insider Activity at American Electric Power

In other 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 sale, the director owned 30,898 shares in the company, valued at $3,756,578.84. This represents a 13.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 16,006 shares of company stock valued at $1,851,422. 0.07% of the stock is owned by insiders.

About American Electric Power

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.