Chevy Chase Trust Holdings LLC Has $132.69 Million Position in American Electric Power Company, Inc. $AEP

Chevy Chase Trust Holdings LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,179,427 shares of the company’s stock after buying an additional 134,732 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.22% of American Electric Power worth $132,686,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AEP. Meeder Asset Management Inc. acquired a new position in American Electric Power in the 3rd quarter valued at approximately $26,000. Dogwood Wealth Management LLC raised its stake in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of American Electric Power during the third quarter worth $26,000. Imprint Wealth LLC acquired a new position in shares of American Electric Power during the third quarter worth $35,000. Finally, Osterweis Capital Management Inc. grew its stake in shares of American Electric Power by 3,000.0% in the second quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP stock opened at $133.61 on Friday. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.14 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $134.60. The company’s fifty day simple moving average is $124.14 and its 200 day simple moving average is $118.60.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share 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 firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the business posted $1.24 EPS. The business’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. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.8%. American Electric Power’s dividend payout ratio is presently 56.72%.

Insider Activity at American Electric Power

In related news, EVP Phillip R. Ulrich sold 4,106 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president owned 42,263 shares of the company’s stock, valued at $5,582,097.04. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of American Electric Power stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEP. JPMorgan Chase & Co. increased their price objective on American Electric Power from $125.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday. LADENBURG THALM/SH SH raised American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, March 4th. Wall Street Zen upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. The Goldman Sachs Group increased their price target on American Electric Power from $133.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Mizuho lifted their price objective on American Electric Power from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.90.

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.