First Financial Bankshares Inc Boosts Stake in American Electric Power Company, Inc. $AEP

First Financial Bankshares Inc raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,084 shares of the company’s stock after buying an additional 4,145 shares during the quarter. American Electric Power comprises 1.5% of First Financial Bankshares Inc’s portfolio, making the stock its 24th biggest holding. First Financial Bankshares Inc’s holdings in American Electric Power were worth $71,222,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AEP. Vanguard Group Inc. grew its holdings in shares of American Electric Power by 0.4% in the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after purchasing an additional 197,998 shares in the last quarter. State Street Corp raised its stake in American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after purchasing an additional 653,712 shares in the last quarter. Geode Capital Management LLC lifted its position in American Electric Power by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after purchasing an additional 285,000 shares during the last quarter. Invesco Ltd. grew its stake in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of American Electric Power by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock worth $509,709,000 after buying an additional 272,214 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AEP has been the topic of several recent research reports. Barclays upped their target price on shares of American Electric Power from $121.00 to $128.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Citigroup boosted their price objective on American Electric Power from $111.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their price objective on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. The Goldman Sachs Group lifted their target price on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $131.28.

American Electric Power Stock Up 2.1%

Shares of NASDAQ:AEP opened at $132.03 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $97.46 and a 52-week high of $132.78. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $119.32 and its 200 day moving average is $116.69. The stock has a market cap of $71.41 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 3.04 and a beta of 0.62.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.19 earnings per share 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 the consensus estimate of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. American Electric Power’s dividend payout ratio (DPR) is currently 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.