Chevy Chase Trust Holdings LLC Has $132.69 Million Stock Holdings in American Electric Power Company, Inc. $AEP

Chevy Chase Trust Holdings LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,179,427 shares of the company’s stock after acquiring an additional 134,732 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in American Electric Power were worth $132,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. PFG Investments LLC boosted its position in shares of American Electric Power by 0.3% during the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after purchasing an additional 83 shares in the last quarter. Strategic Advisors LLC increased its position in American Electric Power by 0.3% in the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after buying an additional 87 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in American Electric Power by 16.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock worth $71,000 after buying an additional 88 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in American Electric Power by 12.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after buying an additional 89 shares during the period. Finally, LFA Lugano Financial Advisors SA boosted its holdings in American Electric Power by 6.8% in the third quarter. LFA Lugano Financial Advisors SA now owns 1,412 shares of the company’s stock worth $159,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other news, EVP Kelly J. Ferneau sold 1,351 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president directly owned 15,410 shares of the company’s stock, valued at $2,025,798.60. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEP. UBS Group raised their price objective on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, March 4th. Siebert Williams Shank began coverage on American Electric Power in a report on Thursday, December 18th. They issued a “buy” rating and a $137.00 target price on the stock. BMO Capital Markets lifted their price target on shares of American Electric Power from $125.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $135.90.

American Electric Power Stock Up 1.1%

AEP stock opened at $133.61 on Friday. The stock has a market cap of $72.54 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.14 and a beta of 0.61. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $124.14 and its two-hundred day simple moving average is $118.60. American Electric Power Company, Inc. has a 1-year low of $97.46 and a 1-year high of $134.60.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 56.72%.

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.