Heritage Trust Co lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,969 shares of the company’s stock after selling 5,404 shares during the quarter. Heritage Trust Co’s holdings in American Electric Power were worth $227,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in AEP. Activest Wealth Management raised its holdings in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Dogwood Wealth Management LLC raised its holdings in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the period. Optima Capital LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its holdings in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of 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 acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Monday. BMO Capital Markets cut 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 report on Wednesday, April 22nd. TD Cowen boosted their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Mizuho boosted their price target on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $141.10.
American Electric Power Stock Up 2.7%
American Electric Power stock opened at $127.11 on Wednesday. The firm has a market cap of $69.16 billion, a PE ratio of 18.67, a P/E/G ratio of 2.47 and a beta of 0.53. 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 firm’s 50 day moving average price is $131.53 and its two-hundred day moving average price is $125.32. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44.
American Electric Power (NASDAQ:AEP – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm 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 company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal 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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is currently 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.
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