Bank of New York Mellon Corp Has $420.52 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Bank of New York Mellon Corp trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,646,834 shares of the company’s stock after selling 7,488 shares during the period. Bank of New York Mellon Corp’s holdings in American Electric Power were worth $420,516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AEP. Brighton Jones LLC boosted its stake in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power during the first quarter valued at about $320,000. Sivia Capital Partners LLC boosted its stake in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. boosted its stake in shares of American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $127.79 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The stock’s 50 day moving average is $131.51 and its 200-day moving average is $125.43. The firm has a market capitalization of $69.53 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.52 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. American Electric Power’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEP. Argus raised their price objective on American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets lowered their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. UBS Group raised their price objective on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. The Goldman Sachs Group raised their price objective on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company raised their price objective on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.

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.