PNC Financial Services Group Inc. Sells 19,293 Shares of American Electric Power Company, Inc. $AEP

PNC Financial Services Group Inc. cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 481,519 shares of the company’s stock after selling 19,293 shares during the period. PNC Financial Services Group Inc.’s holdings in American Electric Power were worth $55,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PFG Investments LLC boosted its stake in American Electric Power by 0.3% in the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after acquiring an additional 83 shares during the last quarter. Vectors Research Management LLC boosted its stake in American Electric Power by 0.4% in the fourth quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock valued at $2,703,000 after acquiring an additional 86 shares during the last quarter. Strategic Advisors LLC boosted its stake in American Electric Power by 0.3% in the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after acquiring an additional 87 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in American Electric Power by 16.2% in the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after acquiring an additional 88 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its stake 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 valued at $159,000 after acquiring an additional 90 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a report on Monday, March 9th. TD Cowen lifted their target price on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, March 4th. Finally, Mizuho lifted their target price on American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

American Electric Power Stock Performance

AEP stock opened at $129.61 on Friday. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $131.98 and its two-hundred day moving average price is $124.93. The firm has a market cap of $70.52 billion, a PE ratio of 19.03, a P/E/G ratio of 2.57 and a beta of 0.56.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business posted $1.54 earnings per share. The firm’s quarterly 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. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.35 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed 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 dividend yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is presently 55.80%.

Insider Activity

In other news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $132.08, for a total transaction of $542,320.48. Following the transaction, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the transaction, the executive vice president owned 15,410 shares in the company, valued at $2,025,798.60. This represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is owned by insiders.

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.