Glenview Trust Co Invests $1.18 Million in American Electric Power Company, Inc. $AEP

Glenview Trust Co purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the second quarter, HoldingsChannel.com reports. The firm purchased 8,606 shares of the company’s stock, valued at approximately $1,177,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in American Electric Power in the 2nd quarter worth $6,980,601,000. State Street Corp raised its holdings in American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after acquiring an additional 1,514,865 shares during the period. Morgan Stanley lifted its position in shares of American Electric Power by 1.9% in the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after acquiring an additional 271,879 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of American Electric Power by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock valued at $1,587,841,000 after acquiring an additional 83,285 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of American Electric Power in the second quarter worth about $1,678,638,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays lowered their price target on American Electric Power from $138.00 to $129.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley dropped their target price on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. BMO Capital Markets dropped their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

American Electric Power Stock Performance

American Electric Power stock opened at $122.31 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The company’s 50-day moving average price is $130.42 and its 200-day moving average price is $130.57. The company has a market cap of $66.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.

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.