American Electric Power Company, Inc. $AEP Shares Sold by Providence First Trust Co

Providence First Trust Co cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 61.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,679 shares of the company’s stock after selling 5,791 shares during the period. Providence First Trust Co’s holdings in American Electric Power were worth $436,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of American Electric Power in the 2nd quarter worth $6,980,601,000. Bank of America Corp DE purchased a new position in American Electric Power during the 2nd quarter worth $1,678,638,000. GQG Partners LLC purchased a new position in American Electric Power during the 2nd quarter worth $1,404,094,000. Legal & General Group Plc purchased a new position in American Electric Power during the 2nd quarter worth $680,638,000. Finally, Bank of New York Mellon Corp acquired a new position in American Electric Power during the 2nd quarter valued at about $495,495,000. 75.24% of the stock is owned by institutional investors and hedge funds.

More American Electric Power News

Here are the key news stories impacting American Electric Power this week:

• Positive Sentiment: AEP and Google are advancing a proposed $4 billion fuel-cell project to power data centers in Cheyenne, highlighting potential demand from data-center growth. Article
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates, to $6.55 and $6.95, respectively. The analyst retained a Sector Perform rating and $131 price target, so the estimate increases are encouraging but not an outright bullish call. Article
• Positive Sentiment: AEP has created AEP Infrastructure, a new business unit that may help organize and advance infrastructure investment tied to the company’s growth plans. Article
• Neutral Sentiment: AEP’s dividend date is approaching, providing a near-term point of interest for income investors; the article headline does not indicate a dividend increase. Article
• Negative Sentiment: AEP’s roughly $100 billion spending plan, including data-center-related growth, has prompted questions about dividend safety and whether new share issuance could be needed. A December Texas deadline may affect how the investment burden is funded, creating uncertainty for shareholders. Article
• Negative Sentiment: Ladenburg Thalmann trimmed its price target to $140.50 from $142.50, a modestly less optimistic outlook, though the revised target remains above the stock’s recent trading level. Article

Analysts Set New Price Targets

A number of research firms have commented on AEP. UBS Group set a $135.00 price target on American Electric Power in a research note on Monday, October 19th. BTIG Research reissued a “buy” rating and issued a $153.00 price target on shares of American Electric Power in a report on Thursday, October 29th. Mizuho dropped their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Scotiabank cut their price objective on shares of American Electric Power from $140.00 to $131.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 30th. Finally, Citigroup cut their price objective on shares of American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Sixteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.83.

American Electric Power Stock Performance

Shares of AEP stock opened at $126.53 on Friday. The business has a fifty day moving average of $123.97 and a 200 day moving average of $128.18. American Electric Power Company, Inc. has a 1 year low of $112.54 and a 1 year high of $140.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40. The firm has a market capitalization of $68.90 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.19. The business had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 6.44 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $0.97 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, November 10th. American Electric Power’s payout ratio is currently 61.39%.

Insider Buying and Selling

In related news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This represents a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

American Electric Power Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers.

AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.