American Electric Power Company, Inc. $AEP Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 737.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 127,234 shares of the company’s stock after purchasing an additional 112,046 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Electric Power were worth $14,314,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power during the third quarter worth approximately $26,000. Advantage Trust Co lifted its position in 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 buying an additional 100 shares in the last quarter. Montag A & Associates Inc. lifted its position in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after buying an additional 176 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of American Electric Power during the 1st quarter valued at $31,000. Finally, Missouri Trust & Investment Co purchased a new position in shares of American Electric Power during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the subject of several recent research reports. BMO Capital Markets set a $126.00 price objective on American Electric Power in a research report on Thursday, October 30th. Mizuho lifted their price target on American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH boosted their target price on shares of American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Finally, TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $126.87.

American Electric Power Price Performance

NASDAQ AEP opened at $115.93 on Friday. The company has a market cap of $61.92 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.77 and a beta of 0.63. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 1 year low of $92.67 and a 1 year high of $124.80. The company has a fifty day simple moving average of $118.20 and a 200 day simple moving average of $113.32.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

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

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value 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. This represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by insiders.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.