Huntington National Bank Buys 28,385 Shares of American Electric Power Company, Inc. $AEP

Huntington National Bank raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,167,394 shares of the company’s stock after acquiring an additional 28,385 shares during the period. Huntington National Bank’s holdings in American Electric Power were worth $134,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Redmond Asset Management LLC acquired a new position in American Electric Power in the fourth quarter valued at about $344,000. Kingsview Wealth Management LLC grew its stake in American Electric Power by 3.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 25,117 shares of the company’s stock valued at $2,896,000 after acquiring an additional 801 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in American Electric Power in the fourth quarter valued at about $547,000. Geode Capital Management LLC grew its stake in American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after acquiring an additional 83,285 shares during the period. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in American Electric Power in the fourth quarter valued at about $711,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on AEP shares. UBS Group boosted their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Barclays boosted their target price on American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Truist Financial started coverage on American Electric Power in a research note on Tuesday, April 21st. They issued a “buy” rating and a $148.00 target price for the company. Finally, Raymond James Financial reissued an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $129.57 on Thursday. The stock has a 50 day moving average price of $131.83 and a 200 day moving average price of $125.24. American Electric Power Company, Inc. has a 52 week low of $100.72 and a 52 week high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $70.50 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm posted $1.54 earnings per share. The business’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. Analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.