American Electric Power Company, Inc. $AEP Stock: Providence First Trust Co Trims Position

Providence First Trust Co reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 61.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,679 shares of the company’s stock after selling 5,791 shares during the period. Providence First Trust Co’s holdings in American Electric Power were worth $436,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AEP. International Assets Investment Management LLC grew its position in American Electric Power by 2.4% in the 3rd quarter. International Assets Investment Management LLC now owns 4,002 shares of the company’s stock valued at $479,000 after acquiring an additional 95 shares during the last quarter. Heritage Family Offices LLP purchased a new position in shares of American Electric Power during the third quarter worth approximately $171,000. Calamos Wealth Management LLC raised its stake in shares of American Electric Power by 3.2% during the third quarter. Calamos Wealth Management LLC now owns 6,966 shares of the company’s stock valued at $826,000 after acquiring an additional 219 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of American Electric Power by 2.1% during the third quarter. Calamos Advisors LLC now owns 135,491 shares of the company’s stock valued at $16,075,000 after acquiring an additional 2,741 shares in the last quarter. Finally, Alta Advisers Ltd raised its stake in shares of American Electric Power by 74.5% during the third quarter. Alta Advisers Ltd now owns 3,732 shares of the company’s stock valued at $443,000 after acquiring an additional 1,593 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.2%

AEP opened at $126.53 on Friday. The firm has a market cap of $68.90 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.59 and a beta of 0.46. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12 month low of $112.54 and a 12 month high of $140.58. The stock has a fifty day moving average price of $123.97 and a 200-day moving average price of $128.18.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The firm had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the business posted $1.80 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 6.44 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $0.97 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, November 10th. American Electric Power’s dividend payout ratio is presently 61.39%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research reports. Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. TD Cowen restated a “buy” rating on shares of American Electric Power in a report on Wednesday, September 9th. Jefferies Financial Group set a $153.00 target price on American Electric Power in a research report on Tuesday. Scotiabank lowered their target price on American Electric Power from $140.00 to $131.00 and set a “sector perform” rating for the company in a report on Wednesday, September 30th. Finally, Morgan Stanley increased their price target on American Electric Power from $128.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.83.

American Electric Power News Summary

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

• Positive Sentiment: AEP and Google are advancing a proposed $4 billion fuel-cell project to power data centers in Cheyenne, highlighting potential demand from data-center growth. Article
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates, to $6.55 and $6.95, respectively. The analyst retained a Sector Perform rating and $131 price target, so the estimate increases are encouraging but not an outright bullish call. Article
• Positive Sentiment: AEP has created AEP Infrastructure, a new business unit that may help organize and advance infrastructure investment tied to the company’s growth plans. Article
• Neutral Sentiment: AEP’s dividend date is approaching, providing a near-term point of interest for income investors; the article headline does not indicate a dividend increase. Article
• Negative Sentiment: AEP’s roughly $100 billion spending plan, including data-center-related growth, has prompted questions about dividend safety and whether new share issuance could be needed. A December Texas deadline may affect how the investment burden is funded, creating uncertainty for shareholders. Article
• Negative Sentiment: Ladenburg Thalmann trimmed its price target to $140.50 from $142.50, a modestly less optimistic outlook, though the revised target remains above the stock’s recent trading level. Article

Insider Buying and Selling

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company’s stock, valued at approximately $1,982,000. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

American Electric Power Company Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers.

AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.