1ST Source Bank Acquires Shares of 26,585 American Electric Power Company, Inc. $AEP

Key Points

• 1ST Source Bank acquired 26,585 shares of American Electric Power in the second quarter, valued at approximately $3.64 million. Institutional investors collectively own 75.24% of AEP.
• AEP reported quarterly EPS of $1.36, below the $1.48 consensus estimate, while revenue rose 7% year over year to $5.45 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.25–$6.55.
• AEP declared a quarterly dividend of $0.95 per share, equating to an annualized $3.80 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.71.

1ST Source Bank acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,585 shares of the company's stock, valued at approximately $3,637,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of American Electric Power by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 52,496,895 shares of the company's stock worth $6,053,417,000 after acquiring an additional 828,588 shares in the last quarter. State Street Corp increased its stake in American Electric Power by 5.2% during the fourth quarter. State Street Corp now owns 30,437,776 shares of the company's stock valued at $3,509,780,000 after purchasing an additional 1,514,865 shares during the last quarter. Morgan Stanley raised its holdings in shares of American Electric Power by 1.9% during the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company's stock worth $1,690,659,000 after purchasing an additional 271,879 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Electric Power by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 13,823,744 shares of the company's stock worth $1,587,841,000 after purchasing an additional 83,285 shares during the period. Finally, Barclays PLC lifted its position in shares of American Electric Power by 0.5% in the 4th quarter. Barclays PLC now owns 10,626,841 shares of the company's stock worth $1,225,381,000 after buying an additional 57,807 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $125.60 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38. American Electric Power Company, Inc. has a 1-year low of $105.70 and a 1-year high of $140.58. The business's fifty day moving average price is $131.31 and its two-hundred day moving average price is $130.36. The company has a market capitalization of $68.38 billion, a P/E ratio of 21.54, a PEG ratio of 2.25 and a beta of 0.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.37 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power's dividend payout ratio is currently 65.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AEP shares. Seaport Research Partners upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Monday, April 20th. Citigroup decreased their target price on American Electric Power from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. TD Cowen upped their target price on American Electric Power from $141.00 to $148.00 and gave the company a "buy" rating in a report on Friday, May 15th. Scotiabank increased their price target on American Electric Power from $131.00 to $140.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH cut their price target on American Electric Power from $148.00 to $143.00 and set a "buy" rating on the stock in a report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.71.

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.

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