JPMorgan Chase & Co. Acquires 85,061 Shares of American Electric Power Company, Inc. $AEP

JPMorgan Chase & Co. lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,790,151 shares of the company’s stock after acquiring an additional 85,061 shares during the period. JPMorgan Chase & Co.’s holdings in American Electric Power were worth $313,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Family Investments Inc. purchased a new position in American Electric Power during the 2nd quarter valued at about $256,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of American Electric Power by 462.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock valued at $5,958,000 after purchasing an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of American Electric Power by 228.6% during the third quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after purchasing an additional 35,938 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of American Electric Power by 5.9% during the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, CWM LLC boosted its position in shares of American Electric Power by 807.5% in the 3rd quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after purchasing an additional 234,689 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $131.00 to $122.00 in a research note on Monday, January 12th. TD Cowen raised American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. Williams Trading set a $137.00 price objective on shares of American Electric Power in a research report on Thursday, December 18th. The Goldman Sachs Group lifted their target price on shares of American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $125.00 target price on shares of American Electric Power in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.83.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $128.42 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $132.78. The business has a 50-day simple moving average of $118.69 and a two-hundred day simple moving average of $116.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. The firm has a market cap of $69.46 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.99 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’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. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current 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 $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s payout ratio is 56.72%.

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 on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director directly 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 sale 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 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.