OLD National Bancorp IN Has $3.57 Million Holdings in American Electric Power Company, Inc. $AEP

OLD National Bancorp IN raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 827.4% during the 1st quarter, HoldingsChannel reports. The fund owned 27,246 shares of the company’s stock after purchasing an additional 24,308 shares during the period. OLD National Bancorp IN’s holdings in American Electric Power were worth $3,571,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Activest Wealth Management boosted its holdings in shares of American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Rakuten Securities Inc. increased its stake in American Electric Power by 7,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. Optima Capital LLC acquired a new position in American Electric Power in the 4th quarter valued at approximately $26,000. Union Savings Bank purchased a new stake in American Electric Power in the 4th quarter worth approximately $27,000. Finally, Legacy Wealth Managment LLC ID lifted its position in American Electric Power by 200.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AEP shares. Truist Financial decreased their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. TD Cowen increased their price objective on American Electric Power from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Finally, Wells Fargo & Company boosted their target price on American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $141.19.

American Electric Power Trading Up 1.3%

American Electric Power stock opened at $138.83 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The business’s 50-day simple moving average is $130.77 and its 200-day simple moving average is $126.46. The firm has a market capitalization of $75.54 billion, a PE ratio of 20.39, a PEG ratio of 2.73 and a beta of 0.53. American Electric Power Company, Inc. has a 52 week low of $102.06 and a 52 week high of $139.44.

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

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio is currently 55.80%.

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.