American Electric Power Company, Inc. $AEP Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 885,737 shares of the company’s stock after selling 175,979 shares during the period. Hsbc Holdings PLC’s holdings in American Electric Power were worth $116,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company’s stock worth $6,053,417,000 after acquiring an additional 828,588 shares during the last quarter. State Street Corp lifted its holdings in shares of American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company’s stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. Morgan Stanley boosted its position in shares of American Electric Power by 1.9% in the 4th quarter. Morgan Stanley now owns 14,661,858 shares of the company’s stock valued at $1,690,659,000 after purchasing an additional 271,879 shares during the period. Geode Capital Management LLC increased its stake in American Electric Power by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company’s stock worth $1,587,841,000 after purchasing an additional 83,285 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of American Electric Power by 0.5% in the fourth quarter. Barclays PLC now owns 10,626,841 shares of the company’s stock worth $1,225,381,000 after buying an additional 57,807 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of American Electric Power from $145.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, BMO Capital Markets decreased their target price on American Electric Power from $141.00 to $138.00 and set a “market perform” rating for the company in a research report on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and an average price target of $141.52.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $132.14 on Friday. American Electric Power Company, Inc. has a 1 year low of $105.70 and a 1 year high of $140.58. The business has a fifty day simple moving average of $131.28 and a 200 day simple moving average of $128.62. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.42 and a beta of 0.52.

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

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.

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.