WINTON GROUP Ltd Invests $3.18 Million in American Electric Power Company, Inc. $AEP

WINTON GROUP Ltd purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 30,654 shares of the company’s stock, valued at approximately $3,181,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of American Electric Power by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after acquiring an additional 197,998 shares during the period. Wellington Management Group LLP raised its stake in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock valued at $2,415,144,000 after purchasing an additional 4,323,569 shares in the last quarter. GQG Partners LLC lifted its position in American Electric Power by 30.4% during the first quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Geode Capital Management LLC grew its stake in American Electric Power by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock worth $1,379,532,000 after buying an additional 285,000 shares in the last quarter. Finally, Invesco Ltd. grew its stake in American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEP. Citigroup upped their price target on shares of American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Barclays boosted 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. BMO Capital Markets set a $126.00 target price on American Electric Power in a report on Thursday, October 30th. TD Cowen raised American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Activity at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, November 14th. The shares were sold at an average price of $121.58, for a total transaction of $607,900.00. Following the transaction, the director owned 30,898 shares in the company, valued at approximately $3,756,578.84. The trade was a 13.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction on Thursday, October 2nd. The shares were 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 owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,006 shares of company stock worth $1,851,422. 0.07% of the stock is owned by corporate insiders.

American Electric Power Stock Down 1.5%

Shares of NASDAQ:AEP opened at $115.73 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $124.80. The company has a market capitalization of $61.81 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.07 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. The company has a fifty day moving average of $119.02 and a 200-day moving average of $111.39.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue 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, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.95 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

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.