Scotia Capital Inc. Grows Position in American Electric Power Company, Inc. $AEP

Scotia Capital Inc. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 30.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 331,342 shares of the company's stock after purchasing an additional 77,507 shares during the period. Scotia Capital Inc. owned about 0.06% of American Electric Power worth $34,380,000 as of its most recent SEC filing.

• Investors Boost American Electric Power on AI Growth

Several other hedge funds also recently made changes to their positions in the company. Advantage Trust Co grew its holdings 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 acquiring an additional 100 shares during the last quarter. Montag A & Associates Inc. raised its stake 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 valued at $29,000 after acquiring an additional 176 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of American Electric Power during the first quarter worth about $31,000. Missouri Trust & Investment Co bought a new stake in shares of American Electric Power in the second quarter worth about $31,000. Finally, GoalVest Advisory LLC grew its stake in shares of American Electric Power by 277.1% in the second quarter. GoalVest Advisory LLC now owns 313 shares of the company's stock worth $32,000 after purchasing an additional 230 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. TD Cowen raised American Electric Power to a "strong-buy" rating in a research report on Thursday, October 30th. Raymond James Financial reissued an "outperform" rating on shares of American Electric Power in a research note on Thursday, October 30th. LADENBURG THALM/SH SH raised their price target on American Electric Power from $108.50 to $124.50 and gave the stock a "neutral" rating in a research note on Thursday, November 20th. The Goldman Sachs Group lifted their price target on shares of American Electric Power from $128.00 to $133.00 in a report on Thursday, October 30th. Finally, BTIG Research began coverage on shares of American Electric Power in a research report on Tuesday, October 21st. They set a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.

• Bloom Energy Booms on AI Power Demand and Analyst Upgrades

Get Our Latest Report on AEP

Insider Transactions at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director owned 40,898 shares of the company's stock, valued at $4,443,567.70. The trade was a 10.89% 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 approximately $635,712. This trade represents a 15.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,006 shares of company stock valued at $1,851,422. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Trading Up 0.9%

• MarketBeat Week in Review – 08/11 - 08/15

AEP opened at $122.72 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $124.80. The stock has a market cap of $65.54 billion, a PE ratio of 17.89, a PEG ratio of 3.22 and a beta of 0.52. The business has a 50 day moving average of $117.55 and a 200-day moving average of $110.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.American Electric Power's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power's previous quarterly dividend of $0.93. 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.

Featured Articles

• Five stocks we like better than American Electric Power
• Health Care Stocks Explained: Why You Might Want to Invest
• How Semtech’s Data Center Chips Are Powering the AI Boom
• Why Are Stock Sectors Important to Successful Investing?
• Keysight Technologies' Surge: The Market Wakes Up to This AI Play
• What is a Bond Market Holiday? How to Invest and Trade
• Is American Express the Credit Stock For a K-Shaped Economy?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in American Electric Power Right Now?

Before you consider American Electric Power, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.

While American Electric Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here