American Electric Power Company, Inc. $AEP Shares Sold by US Bancorp DE

US Bancorp DE cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,157 shares of the company’s stock after selling 9,882 shares during the quarter. US Bancorp DE’s holdings in American Electric Power were worth $24,464,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. PFG Investments LLC boosted its position in shares of American Electric Power by 0.3% in the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after purchasing an additional 83 shares during the period. Strategic Advisors LLC boosted its position in shares of American Electric Power by 0.3% in the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after purchasing an additional 87 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of American Electric Power by 16.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after purchasing an additional 88 shares during the period. LFA Lugano Financial Advisors SA boosted its position in shares of American Electric Power by 6.8% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock valued at $159,000 after purchasing an additional 90 shares during the period. Finally, Trueblood Wealth Management LLC boosted its position in shares of American Electric Power by 1.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 6,937 shares of the company’s stock valued at $800,000 after purchasing an additional 91 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.1%

American Electric Power stock opened at $136.91 on Friday. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $138.49. The stock has a 50 day moving average of $132.54 and a two-hundred day moving average of $123.74. 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 $74.42 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.22 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 6.33 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 56.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEP. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on American Electric Power from $139.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. UBS Group increased their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Finally, Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $131.00 to $122.00 in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.18.

Insider Activity at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were 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 represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.05% of the stock is owned by company insiders.

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.