First Financial Bankshares Inc Purchases 12,987 Shares of American Electric Power Company, Inc. $AEP

First Financial Bankshares Inc grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,071 shares of the company’s stock after acquiring an additional 12,987 shares during the period. American Electric Power comprises about 1.5% of First Financial Bankshares Inc’s portfolio, making the stock its 28th largest holding. First Financial Bankshares Inc’s holdings in American Electric Power were worth $74,498,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AEP. Victory Capital Management Inc. lifted its stake in shares of American Electric Power by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock worth $595,243,000 after buying an additional 2,763,328 shares during the last quarter. Soroban Capital Partners LP lifted its stake in shares of American Electric Power by 176.3% during the 2nd quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of American Electric Power by 357.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock worth $225,718,000 after buying an additional 1,529,662 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of American Electric Power by 118.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock worth $286,692,000 after buying an additional 1,400,547 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of American Electric Power by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock worth $684,772,000 after buying an additional 1,285,279 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $128.48 on Friday. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. 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 company has a 50-day simple moving average of $131.33 and a two-hundred day simple moving average of $125.65. The stock has a market capitalization of $69.91 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share for the quarter, topping 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 business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the company earned $1.54 EPS. The business’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. Analysts forecast that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s payout ratio is 55.80%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEP. Argus raised their target price on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. UBS Group raised their target price on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price for the company in a research note on Friday, February 13th. TD Cowen raised their target price on shares of American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Wednesday, March 4th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $141.10.

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.