Zions Bancorporation National Association UT Has $4.23 Million Holdings in American Electric Power Company, Inc. $AEP

Zions Bancorporation National Association UT cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,696 shares of the company’s stock after selling 14,011 shares during the period. Zions Bancorporation National Association UT’s holdings in American Electric Power were worth $4,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AEP. Brighton Jones LLC lifted its stake in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in American Electric Power in the 1st quarter valued at about $320,000. Sivia Capital Partners LLC lifted its stake in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares during the last quarter. Finally, AXA S.A. lifted its stake in American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AEP shares. UBS Group raised their target price on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Scotiabank raised their target price on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Barclays raised their target price on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Truist Financial cut their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Moderate Buy” and an average target price of $141.10.

American Electric Power Stock Up 0.6%

Shares of AEP opened at $128.53 on Thursday. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44. The firm’s 50 day moving average is $131.38 and its 200-day moving average is $125.59. The stock has a market capitalization of $69.93 billion, a PE ratio of 18.87, a P/E/G ratio of 2.55 and a beta of 0.53. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm earned $1.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

American Electric Power Company Profile

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.