American Electric Power Company, Inc. $AEP Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 89.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,211 shares of the company’s stock after selling 46,570 shares during the period. First Citizens Bank & Trust Co.’s holdings in American Electric Power were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Essex Financial Services Inc. lifted its holdings in American Electric Power by 0.9% during the first quarter. Essex Financial Services Inc. now owns 8,215 shares of the company’s stock valued at $1,077,000 after purchasing an additional 75 shares in the last quarter. Cornerstone Advisory LLC increased its stake in shares of American Electric Power by 1.3% during the first quarter. Cornerstone Advisory LLC now owns 5,831 shares of the company’s stock worth $764,000 after purchasing an additional 75 shares in the last quarter. Financial Enhancement Group LLC increased its stake in shares of American Electric Power by 3.3% during the first quarter. Financial Enhancement Group LLC now owns 2,383 shares of the company’s stock worth $319,000 after purchasing an additional 76 shares in the last quarter. J2 Capital Management Inc raised its position in shares of American Electric Power by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 4,099 shares of the company’s stock worth $537,000 after purchasing an additional 79 shares during the last quarter. Finally, Bogart Wealth LLC lifted its stake in American Electric Power by 2.9% in the 1st quarter. Bogart Wealth LLC now owns 2,905 shares of the company’s stock valued at $381,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $135.54 on Friday. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The stock has a market cap of $73.75 billion, a P/E ratio of 19.90, a PEG ratio of 2.42 and a beta of 0.52. The company has a 50-day moving average price of $131.69 and a 200 day moving average price of $129.22. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last posted its earnings results 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. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $1.54 EPS. American Electric Power’s revenue was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio is currently 55.80%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Seaport Research Partners upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, April 20th. Scotiabank raised their target price on American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Morgan Stanley lifted their price target on American Electric Power from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Truist Financial increased their price objective on American Electric Power from $145.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.71.

More American Electric Power News

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

• Positive Sentiment: KeyCorp raised several forward EPS estimates for American Electric Power, including FY2026, FY2028, FY2029, and FY2030, signaling confidence in the company’s longer-term earnings growth.
• Positive Sentiment: Other coverage highlighted American Electric Power as one of the utilities names analysts are bullish on, and it was also featured as a defensive stock for stability, which can attract investors looking for lower-volatility holdings. Article Title Article Title
• Neutral Sentiment: KeyCorp’s Q2 estimate for AEP came in at $1.50 per share, while consensus full-year earnings remain around $6.35 per share; investors may be waiting for the company’s actual results next week to see whether it can meet or beat expectations. Article Title
• Neutral Sentiment: Short-interest data showed 0 shares short, so there is no meaningful bearish positioning signal from this report.
• Negative Sentiment: BMO Capital Markets issued a pessimistic outlook on AEP’s stock price, which may be tempering enthusiasm despite the broader bullish analyst tone. Article Title

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.