Texas Permanent School Fund Corp Has $4.88 Million Stock Position in American Electric Power Company, Inc. $AEP

Texas Permanent School Fund Corp lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 31.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 47,007 shares of the company’s stock after selling 21,382 shares during the period. Texas Permanent School Fund Corp’s holdings in American Electric Power were worth $4,877,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Advantage Trust Co raised its position in American Electric Power by 57.1% during the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. raised its position in shares of American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the first quarter worth approximately $31,000. Missouri Trust & Investment Co acquired a new position in shares of American Electric Power in the second quarter worth approximately $31,000. Finally, GoalVest Advisory LLC boosted its holdings in American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock valued at $32,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $132.00 to $139.00 in a report on Thursday, October 30th. The Goldman Sachs Group increased their price target on American Electric Power from $128.00 to $133.00 in a report on Thursday, October 30th. Morgan Stanley set a $120.00 price objective on American Electric Power in a research note on Tuesday. Finally, Barclays upped their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.68.

American Electric Power Price Performance

AEP stock opened at $114.71 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. The company’s 50-day moving average is $119.00 and its 200-day moving average is $111.93. The stock has a market capitalization of $61.27 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $124.80.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. 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 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s payout ratio is 55.39%.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s 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 completion of the sale, the executive vice president owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,006 shares of company stock valued at $1,883,522 in the last 90 days. 0.07% of the stock is currently owned by company insiders.

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.