American Electric Power Company, Inc. $AEP Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,824 shares of the company’s stock after buying an additional 7,320 shares during the quarter. Fifth Third Bancorp’s holdings in American Electric Power were worth $27,430,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Phillips Wealth Planners LLC acquired a new stake in shares of American Electric Power in the 3rd quarter worth about $212,000. JPMorgan Chase & Co. increased its stake in shares of American Electric Power by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 2,790,151 shares of the company’s stock valued at $313,892,000 after purchasing an additional 85,061 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of American Electric Power by 1.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 185,082 shares of the company’s stock valued at $20,822,000 after purchasing an additional 2,821 shares during the period. Calton & Associates Inc. bought a new stake in shares of American Electric Power during the third quarter valued at approximately $1,146,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of American Electric Power by 1.2% during the third quarter. PNC Financial Services Group Inc. now owns 500,812 shares of the company’s stock worth $56,341,000 after buying an additional 6,072 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $129.94 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $130.07. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock has a market cap of $70.28 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company’s 50-day moving average price is $117.86 and its two-hundred day moving average price is $116.14.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s 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, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research upgraded American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Friday. UBS Group decreased their price target on American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Siebert Williams Shank began coverage on shares of American Electric Power in a research note on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective on the stock. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group raised their target price on shares of American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.28.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the sale, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

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.