Keybank National Association OH Grows Position in American Electric Power Company, Inc. $AEP

Keybank National Association OH increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 56,952 shares of the company’s stock after buying an additional 6,320 shares during the quarter. Keybank National Association OH’s holdings in American Electric Power were worth $7,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AEP. Randolph Co Inc lifted its stake in American Electric Power by 1.0% during the 1st quarter. Randolph Co Inc now owns 146,298 shares of the company’s stock valued at $19,177,000 after acquiring an additional 1,415 shares during the period. Root Financial Partners LLC grew its stake in shares of American Electric Power by 46.4% in the first quarter. Root Financial Partners LLC now owns 934 shares of the company’s stock worth $122,000 after acquiring an additional 296 shares during the period. Stock Yards Bank & Trust Co. grew its stake in shares of American Electric Power by 11.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 5,375 shares of the company’s stock worth $705,000 after acquiring an additional 570 shares during the period. WD Rutherford LLC purchased a new position in shares of American Electric Power during the first quarter valued at approximately $1,110,000. Finally, Essex Financial Services Inc. lifted its position in American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $138.51 on Friday. The company has a market capitalization of $75.36 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.54 and a beta of 0.52. 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 company has a fifty day moving average of $131.21 and a 200 day moving average of $127.25. American Electric Power Company, Inc. has a fifty-two week low of $102.39 and a fifty-two week high of $139.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, beating 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 business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm earned $1.54 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. LADENBURG THALM/SH SH lowered their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Mizuho upped their price objective on American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets lowered their target price on 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. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.38.

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.