Huntington National Bank Buys 28,385 Shares of American Electric Power Company, Inc. $AEP

Key Points

• Huntington National Bank increased its stake in American Electric Power by 2.5% in the fourth quarter, buying 28,385 additional shares and bringing its total holding to 1,167,394 shares valued at about $134.6 million.
• American Electric Power reported better-than-expected quarterly results, posting EPS of $1.64 versus the $1.57 consensus and revenue of $6.02 billion versus $5.72 billion expected. The company also reaffirmed FY 2026 guidance of 6.120-6.420 EPS.
• The company declared a quarterly dividend of $0.95 per share, equal to an annualized yield of 2.9%. Meanwhile, analysts remain broadly positive, with the stock carrying a “Moderate Buy” rating and an average price target of $141.24.

Huntington National Bank increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,394 shares of the company's stock after buying an additional 28,385 shares during the quarter. Huntington National Bank owned 0.22% of American Electric Power worth $134,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Czech National Bank raised its position in American Electric Power by 3.9% in the 4th quarter. Czech National Bank now owns 141,141 shares of the company's stock valued at $16,275,000 after purchasing an additional 5,314 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in American Electric Power by 2.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company's stock valued at $33,869,000 after purchasing an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in American Electric Power by 983.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company's stock valued at $7,365,000 after purchasing an additional 57,977 shares during the last quarter. GF Fund Management CO. LTD. raised its position in American Electric Power by 7.4% in the 4th quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company's stock valued at $13,171,000 after purchasing an additional 7,833 shares during the last quarter. Finally, National Pension Service raised its position in American Electric Power by 1.3% in the 3rd quarter. National Pension Service now owns 1,919,442 shares of the company's stock valued at $215,937,000 after purchasing an additional 24,862 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AEP shares. Barclays lifted their price objective on 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. The Goldman Sachs Group boosted their price objective on shares of American Electric Power from $141.00 to $142.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating and set a $148.00 price objective for the company in a research report on Wednesday, March 4th. Seaport Research Partners upgraded American Electric Power from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Monday, April 20th. Finally, UBS Group boosted their target price on American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.24.

American Electric Power Trading Down 1.0%

NASDAQ AEP opened at $129.57 on Thursday. The stock has a 50-day simple moving average of $131.83 and a 200 day simple moving average of $125.24. The company has a market capitalization of $70.50 billion, a PE ratio of 19.03, a P/E/G ratio of 2.61 and a beta of 0.56. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 12 month low of $100.72 and a 12 month high of $139.44.

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

American Electric Power Dividend Announcement

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 $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 8th. American Electric Power's dividend payout ratio is currently 55.80%.

Insider Buying and Selling

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the company's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $132.08, for a total value of $542,320.48. Following the completion of the sale, the executive vice president owned 42,263 shares in the company, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.05% of the company's stock.

About American Electric Power

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.