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

Huntington National Bank lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,139,009 shares of the company’s stock after purchasing an additional 32,875 shares during the quarter. Huntington National Bank owned about 0.21% of American Electric Power worth $128,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. Meeder Asset Management Inc. acquired a new stake in American Electric Power in the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC boosted its position in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of American Electric Power in the third quarter worth approximately $26,000. Montag A & Associates Inc. increased its position in American Electric Power by 166.0% during the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its position in American Electric Power by 3,000.0% during the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.3%

AEP opened at $133.82 on Friday. The firm’s 50 day moving average is $120.75 and its 200-day moving average is $117.19. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $134.60. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $72.38 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.10 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s payout ratio is 56.72%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AEP shares. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of American Electric Power in a research note on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $133.00 target price on shares of American Electric Power in a report on Friday, February 20th. Mizuho raised their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. UBS Group upgraded American Electric Power from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $115.00 to $132.00 in a report on Friday. Finally, Siebert Williams Shank began coverage on shares of American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.07% of the company’s stock.

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.