Fifth Third Bancorp Has $27.43 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Fifth Third Bancorp increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,824 shares of the company’s stock after buying an additional 7,320 shares during the quarter. Fifth Third Bancorp’s holdings in American Electric Power were worth $27,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Soroban Capital Partners LP lifted its position in shares of American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. Amundi lifted its position in American Electric Power by 26.1% in the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after buying an additional 765,258 shares in the last quarter. State Street Corp lifted its position in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after buying an additional 653,712 shares in the last quarter. Invesco Ltd. boosted its stake in shares of American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after buying an additional 432,441 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of American Electric Power by 22.5% during the 3rd quarter. Bessemer Group Inc. now owns 2,159,456 shares of the company’s stock valued at $242,938,000 after acquiring an additional 396,436 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $129.94 on Tuesday. The company has a market cap of $70.28 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.10 and a beta of 0.62. The business has a 50 day moving average price of $117.86 and a 200 day moving average price of $116.14. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $130.07.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 56.72%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on American Electric Power from $123.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Mizuho upped their target price on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group reduced their price target on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, December 17th. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Finally, TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.28.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

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.