SVB Wealth LLC Sells 8,267 Shares of American Electric Power Company, Inc. $AEP

SVB Wealth LLC cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 62.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,921 shares of the company’s stock after selling 8,267 shares during the quarter. SVB Wealth LLC’s holdings in American Electric Power were worth $645,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Activest Wealth Management boosted its holdings in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Rakuten Securities Inc. boosted its stake in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Optima Capital LLC bought a new position in American Electric Power during the 4th quarter worth about $26,000. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares in the last quarter. Finally, Union Savings Bank acquired a new position in shares of American Electric Power during the fourth quarter worth about $27,000. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on AEP. Citigroup boosted their target price on American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of American Electric Power from $129.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets cut their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 22nd. Raymond James Financial restated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Finally, Barclays raised their target price on shares of American Electric Power from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.19.

American Electric Power Stock Up 1.0%

AEP stock opened at $135.05 on Thursday. The company has a market cap of $73.48 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.67 and a beta of 0.53. American Electric Power Company, Inc. has a twelve month low of $101.15 and a twelve month high of $139.44. The business has a 50 day moving average price of $130.65 and a two-hundred day moving average price of $126.23. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.54 EPS. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 6.35 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 2.8%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

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.