Keybank National Association OH Grows Position in American Electric Power Company, Inc. $AEP

Keybank National Association OH increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% in the first quarter, Holdings Channel.com reports. The fund owned 56,952 shares of the company’s stock after purchasing an additional 6,320 shares during the period. Keybank National Association OH’s holdings in American Electric Power were worth $7,465,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Czech National Bank increased its holdings in shares of American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock worth $16,275,000 after purchasing an additional 5,314 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after buying an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in American Electric Power by 983.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after buying an additional 57,977 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in American Electric Power by 17.7% during the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after buying an additional 9,532 shares in 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 topic of several recent research reports. UBS Group upped their price objective on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. JPMorgan Chase & Co. cut their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research report on Monday, June 1st. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upped their price target on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $141.38.

American Electric Power Stock Performance

Shares of AEP stock opened at $138.51 on Friday. American Electric Power Company, Inc. has a 1 year low of $102.39 and a 1 year high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The stock’s 50 day simple moving average is $131.21 and its two-hundred day simple moving average is $127.25. The company has a market cap of $75.36 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is presently 55.80%.

American Electric Power 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.