American Electric Power Company, Inc. $AEP Shares Bought by Midwest Trust Co

Midwest Trust Co lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,713 shares of the company’s stock after acquiring an additional 5,703 shares during the period. Midwest Trust Co’s holdings in American Electric Power were worth $11,383,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of American Electric Power by 11.5% in the 4th 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 during the last quarter. Acadian Asset Management LLC purchased a new position in shares of American Electric Power in the 1st quarter worth $320,000. Sivia Capital Partners LLC raised its position in shares of American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after buying an additional 2,931 shares during the period. Gamco Investors INC. ET AL boosted its holdings in American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after acquiring an additional 105 shares during the last quarter. Finally, AXA S.A. boosted its holdings in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after acquiring an additional 38,684 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $130.16 on Monday. The business’s 50-day simple moving average is $132.70 and its 200 day simple moving average is $124.16. The company has a market cap of $70.82 billion, a P/E ratio of 19.11, a PEG ratio of 3.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $139.44.

American Electric Power (NASDAQ:AEP) last released its quarterly 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. The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations 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% 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, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Insiders Place Their Bets

In related news, EVP Phillip R. Ulrich sold 4,106 shares of American Electric Power stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on American Electric Power from $139.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective on the stock in a research note on Friday, February 13th. Scotiabank boosted their target price on American Electric Power from $131.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday. Truist Financial started coverage on shares of American Electric Power in a research report on Tuesday, April 21st. They set a “buy” rating and a $148.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.29.

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.