American Electric Power Company, Inc. $AEP Shares Bought by First American Bank

First American Bank raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,363 shares of the company’s stock after purchasing an additional 5,099 shares during the quarter. First American Bank’s holdings in American Electric Power were worth $12,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP raised its position in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after acquiring an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. raised its position in American Electric Power by 357.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after acquiring an additional 1,529,662 shares in the last quarter. State Street Corp lifted its holdings in American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after acquiring an additional 1,514,865 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after acquiring an additional 1,400,547 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on AEP. Scotiabank upped their price objective on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, April 20th. Truist Financial decreased 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. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, UBS Group raised their price target on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.19.

American Electric Power Price Performance

American Electric Power stock opened at $135.05 on Thursday. The company’s fifty day moving average price is $130.65 and its 200 day moving average price is $126.23. American Electric Power Company, Inc. has a 1 year low of $101.15 and a 1 year high of $139.44. The stock has a market capitalization of $73.48 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.67 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly 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. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s payout ratio is currently 55.80%.

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.