Hsbc Holdings PLC Decreases Stock Holdings in American Electric Power Company, Inc. $AEP

Hsbc Holdings PLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061,716 shares of the company’s stock after selling 3,929 shares during the period. Hsbc Holdings PLC owned 0.20% of American Electric Power worth $122,445,000 at the end of the most recent quarter.

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

American Electric Power Trading Up 0.0%

NASDAQ:AEP opened at $127.73 on Monday. American Electric Power Company, Inc. has a 12-month low of $101.11 and a 12-month 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 stock’s 50 day simple moving average is $130.83 and its 200-day simple moving average is $125.93. The firm has a market cap of $69.50 billion, a P/E ratio of 18.76, a PEG ratio of 2.55 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 for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.American Electric Power’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEP. Seaport Research Partners raised American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, April 20th. Wells Fargo & Company lifted their target price on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays increased their price target on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. BMO Capital Markets dropped their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Morgan Stanley reduced their target price on shares of American Electric Power from $136.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.86.

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.