SVB Wealth LLC Sells 8,267 Shares of American Electric Power Company, Inc. $AEP

SVB Wealth LLC reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 62.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,921 shares of the company’s stock after selling 8,267 shares during the quarter. SVB Wealth LLC’s holdings in American Electric Power were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AEP. Czech National Bank raised its stake in American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after purchasing an additional 5,314 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in American Electric Power in the 4th quarter valued at about $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after buying an additional 8,302 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of American Electric Power by 983.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after buying an additional 57,977 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of American Electric Power by 17.7% during the 4th quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock worth $7,325,000 after acquiring an additional 9,532 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on AEP shares. BMO Capital Markets reduced their price target on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. Truist Financial lowered their price objective on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 29th. UBS Group upped their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $141.19.

American Electric Power Trading Up 1.0%

AEP opened at $135.05 on Thursday. The company’s 50 day moving average is $130.65 and its 200-day moving average is $126.23. American Electric Power Company, Inc. has a 1-year low of $101.15 and a 1-year high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The company has a market cap of $73.48 billion, a P/E ratio of 19.83, a PEG ratio of 2.67 and a beta of 0.53.

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, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company earned $1.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio 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.