American Electric Power Company, Inc. $AEP Shares Purchased by Whittier Trust Co.

Whittier Trust Co. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,251 shares of the company’s stock after acquiring an additional 5,070 shares during the quarter. Whittier Trust Co.’s holdings in American Electric Power were worth $13,402,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AEP. Activest Wealth Management increased its holdings in shares of American Electric Power by 72.2% during the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Optima Capital LLC purchased a new stake in American Electric Power during the fourth quarter worth $26,000. Rakuten Securities Inc. grew its position in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Legacy Wealth Managment LLC ID grew its position in American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Finally, Basepoint Wealth LLC purchased a new position in American Electric Power in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Scotiabank lifted their price target on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Barclays upped their price target on American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. TD Cowen raised their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.38.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $138.51 on Monday. The firm has a market cap of $75.36 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52. The company’s 50-day simple moving average is $131.21 and its 200-day simple moving average is $127.33. 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 52-week low of $102.39 and a 52-week high of $139.44.

American Electric Power (NASDAQ:AEP) last released its earnings results 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 business had revenue of $6.02 billion for 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%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 6.35 EPS 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. Shareholders 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 payout ratio is 55.80%.

American Electric Power 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.