Sumitomo Mitsui Trust Group Inc. Reduces Position in American Electric Power Company, Inc. $AEP

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,366,768 shares of the company’s stock after selling 58,332 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in American Electric Power were worth $179,156,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the period. Acadian Asset Management LLC bought a new position in shares of American Electric Power in the first quarter worth about $320,000. Sivia Capital Partners LLC grew its position in shares of American Electric Power by 149.5% during the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. raised its stake in American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Mizuho lifted their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley lifted their target price on American Electric Power from $129.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Truist Financial decreased their price target on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, Citigroup upped their price objective on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.38.

American Electric Power Trading Down 1.5%

Shares of AEP opened at $133.85 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.49 and a beta of 0.52. The company has a 50-day moving average of $131.27 and a 200 day moving average of $127.92. American Electric Power Company, Inc. has a 1-year low of $103.64 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. American Electric Power’s revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is presently 55.80%.

Key American Electric Power News

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

• Positive Sentiment: AEP Texas secured up to $3.26 billion in U.S. Department of Energy loan support to upgrade and harden the Texas power grid, a move that should help fund reliability projects and may reduce customer costs over time. Article Title
• Positive Sentiment: The federal loan is being framed as a growth and resiliency catalyst for AEP Texas, with reports saying it could support major grid improvements while helping save customers an estimated $685 million. Article Title
• Positive Sentiment: Analyst sentiment remains supportive, with AEP receiving an average recommendation of “Moderate Buy,” which can help reinforce investor confidence in the stock. Article Title
• Neutral Sentiment: Reuters reported that U.S. power companies are scrambling to secure transformers and other critical grid equipment as surging AI data-center demand tightens supply chains and raises costs, a broader industry issue that could benefit utilities with strong execution but also increase capital and procurement pressure. Article Title
• Negative Sentiment: AEP Texas said crews are working to restore power in storm-hit Abilene, highlighting extensive damage and near-term operational disruption that can weigh on sentiment even if restoration is completed quickly. Article Title

About American Electric Power

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.