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

First American Bank grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 93,363 shares of the company’s stock after buying 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.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power in the first quarter valued at about $320,000. Sivia Capital Partners LLC lifted its stake in shares of American Electric Power by 149.5% in the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after buying an additional 105 shares in the last quarter. Finally, AXA S.A. boosted its position in American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEP. Wells Fargo & Company upped their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Scotiabank raised their target price on shares of American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 6th. UBS Group upped their price target on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. Finally, Argus lifted their price objective on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus 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. American Electric Power Company, Inc. has a 12-month low of $101.15 and a 12-month high of $139.44. The stock has a market cap of $73.48 billion, a P/E ratio of 19.83, a PEG ratio of 2.67 and a beta of 0.53. The company has a 50-day moving average price of $130.65 and a 200 day moving average price of $126.23. 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 posted its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating 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 analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $1.54 EPS. American Electric Power’s revenue 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. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. 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.