First Financial Bankshares Inc Purchases 4,145 Shares of American Electric Power Company, Inc. $AEP

First Financial Bankshares Inc boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 633,084 shares of the company’s stock after purchasing an additional 4,145 shares during the period. American Electric Power comprises 1.5% of First Financial Bankshares Inc’s portfolio, making the stock its 24th biggest holding. First Financial Bankshares Inc owned about 0.12% of American Electric Power worth $71,222,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AEP. Brighton Jones LLC grew its position in American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares during the period. Acadian Asset Management LLC purchased a new position in shares of American Electric Power during the 1st quarter worth $320,000. Sivia Capital Partners LLC grew its position in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after acquiring an additional 2,931 shares during the period. Ethic Inc. increased its stake in shares of American Electric Power by 10.8% in the 2nd quarter. Ethic Inc. now owns 12,244 shares of the company’s stock worth $1,255,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of American Electric Power by 6.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 4,045 shares of the company’s stock worth $420,000 after purchasing an additional 241 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AEP. Mizuho lifted their target price on American Electric Power from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. BMO Capital Markets increased their target price on shares of American Electric Power from $125.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Finally, Scotiabank raised their target price on shares of American Electric Power from $121.00 to $131.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 16th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.28.

American Electric Power Stock Performance

NASDAQ:AEP opened at $132.03 on Tuesday. The stock has a 50-day moving average price of $119.32 and a 200 day moving average price of $116.69. The stock has a market capitalization of $71.41 billion, a P/E ratio of 19.71, a P/E/G ratio of 3.04 and a beta of 0.62. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $132.78. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 1.37.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the previous year, the firm earned $1.24 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a dividend of $0.95 per share. 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 is currently 56.72%.

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 on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. The trade was a 16.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.07% 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.