American Electric Power Company, Inc. $AEP Stock Position Raised by Huntington National Bank

Huntington National Bank increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,139,009 shares of the company’s stock after buying an additional 32,875 shares during the period. Huntington National Bank’s holdings in American Electric Power were worth $128,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AEP. PFG Investments LLC raised its position in shares of American Electric Power by 0.3% during the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC grew its stake in American Electric Power by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock worth $2,993,000 after buying an additional 87 shares during the last quarter. SBI Securities Co. Ltd. increased its position in American Electric Power by 16.2% in the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock worth $71,000 after buying an additional 88 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of American Electric Power by 12.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock valued at $82,000 after acquiring an additional 89 shares during the period. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of American Electric Power by 6.8% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after acquiring an additional 90 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. JPMorgan Chase & Co. raised their price target on shares of American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Mizuho lifted their price target on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. Finally, The Goldman Sachs Group raised their target price on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.53.

American Electric Power Price Performance

NASDAQ AEP opened at $133.82 on Friday. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $134.60. The firm has a market capitalization of $72.38 billion, a PE ratio of 19.97, a P/E/G ratio of 3.10 and a beta of 0.62. The company’s 50 day simple moving average is $120.75 and its 200 day simple moving average is $117.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities research analysts forecast 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. Shareholders of record on Tuesday, February 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is presently 56.72%.

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.