American Electric Power Company, Inc. $AEP Stake Lifted by OLD National Bancorp IN

OLD National Bancorp IN lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 827.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,246 shares of the company’s stock after acquiring an additional 24,308 shares during the quarter. OLD National Bancorp IN’s holdings in American Electric Power were worth $3,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Activest Wealth Management boosted its stake in American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. Optima Capital LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at $26,000. Union Savings Bank acquired a new stake in shares of American Electric Power in the fourth quarter valued at $27,000. Finally, Legacy Wealth Managment LLC ID boosted its stake in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Mizuho raised their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. UBS Group lifted their price objective on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Citigroup boosted their target price on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group increased their target price on shares of American Electric Power from $141.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.19.

American Electric Power Stock Performance

Shares of AEP opened at $138.83 on Friday. The company has a 50-day moving average of $130.77 and a two-hundred day moving average of $126.46. The stock has a market cap of $75.54 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.73 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. American Electric Power Company, Inc. has a one year low of $102.06 and a one year high of $139.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results 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. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s payout ratio is 55.80%.

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.