PNC Financial Services Group Inc. Acquires 6,072 Shares of American Electric Power Company, Inc. $AEP

PNC Financial Services Group Inc. grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 500,812 shares of the company’s stock after acquiring an additional 6,072 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Electric Power were worth $56,341,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of American Electric Power in the third quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in American Electric Power during the 3rd quarter valued at about $26,000. Advantage Trust Co boosted its position in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Montag A & Associates Inc. grew its stake in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. Finally, GoalVest Advisory LLC grew its stake in American Electric Power by 277.1% in the 2nd quarter. GoalVest Advisory LLC now owns 313 shares of the company’s stock worth $32,000 after acquiring an additional 230 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 2.8%

Shares of NASDAQ AEP opened at $129.94 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $70.28 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The stock’s fifty day simple moving average is $117.86 and its two-hundred day simple moving average is $116.14. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $130.07.

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

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is presently 56.72%.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AEP shares. The Goldman Sachs Group lifted their price target on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley restated an “overweight” rating and set a $125.00 price objective on shares of American Electric Power in a report on Wednesday, January 21st. TD Cowen upgraded American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday. Finally, Evercore restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average target price of $129.28.

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.