NBH Bank Purchases Shares of 5,595 American Electric Power Company, Inc. $AEP

NBH Bank acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,595 shares of the company’s stock, valued at approximately $765,000.

Several other hedge funds have also modified their holdings of the stock. Costello Asset Management INC boosted its holdings in shares of American Electric Power by 100.0% in the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of American Electric Power in the 4th quarter worth $27,000. Acumen Wealth Advisors LLC acquired a new position in American Electric Power in the fourth quarter valued at $27,000. Finally, Union Savings Bank acquired a new position in American Electric Power in the fourth quarter valued at $27,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AEP shares. Jefferies Financial Group boosted their price target on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. TD Cowen lifted their price objective on American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citigroup reduced their price objective on American Electric Power from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Raymond James Financial reiterated an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

American Electric Power Stock Down 0.2%

Shares of American Electric Power stock opened at $124.50 on Friday. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58. The stock has a market cap of $67.78 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average price of $129.28 and a 200 day moving average price of $130.55.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, August 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is 65.18%.

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.