American Electric Power Company, Inc. $AEP Position Lifted by Midwest Trust Co

Midwest Trust Co raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 98,713 shares of the company’s stock after purchasing an additional 5,703 shares during the period. Midwest Trust Co’s holdings in American Electric Power were worth $11,383,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its stake in American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Rakuten Securities Inc. raised its stake in American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Optima Capital LLC bought a new position in American Electric Power during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power in the 3rd quarter worth approximately $26,000. Finally, Dogwood Wealth Management LLC grew its position in shares of American Electric Power by 330.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction on Tuesday, February 24th. The stock was 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 $2,025,798.60. The trade was a 8.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Phillip R. Ulrich sold 4,106 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $132.08, for a total value of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Wednesday, March 4th. Morgan Stanley dropped their price objective on shares of American Electric Power from $137.00 to $136.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $150.00 target price on shares of American Electric Power in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.29.

American Electric Power Price Performance

NASDAQ:AEP opened at $130.16 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $132.70 and its 200 day moving average price is $124.16. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $139.44. The firm has a market cap of $70.82 billion, a P/E ratio of 19.11, a PEG ratio of 3.05 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.07. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm 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 will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

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.