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

Argent Trust Co raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,561 shares of the company’s stock after buying an additional 27,114 shares during the period. Argent Trust Co’s holdings in American Electric Power were worth $11,763,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AEP. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power during the third quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in American Electric Power during the 3rd quarter worth about $26,000. Dogwood Wealth Management LLC lifted its stake in American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after buying an additional 175 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after buying an additional 176 shares during the period. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the period. 75.24% of the stock is owned by institutional investors.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total value of $177,602.46. Following the transaction, the executive vice president directly owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $133.82 on Friday. The company has a 50 day moving average price of $120.75 and a two-hundred day moving average price of $117.19. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. The stock has a market capitalization of $72.38 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the business earned $1.24 EPS. American Electric Power’s quarterly revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio is presently 56.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AEP shares. Jefferies Financial Group restated a “buy” rating and set a $150.00 price target on shares of American Electric Power in a report on Friday, February 20th. Scotiabank boosted their target price on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Mizuho increased their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.53.

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.