MAY 22·MarketBeat→
PNC Financial Services Group Inc. Has $55.52 Million Position in American Electric Power Company, Inc. $AEP
PNC Financial Services Group Inc. reduced its stake in American Electric Power Company, Inc. (AEP) by 3.9% in the fourth quarter, holding 481,519 shares valued at $55.52 million. Despite this, other hedge funds increased their positions, and institutional investors collectively own 75.24% of AEP's stock. Recent insider sales by EVPs and a quarterly dividend announcement of $0.95 per share are also highlighted, alongside a "Moderate Buy" analyst consensus for the stock.
MAY 20·MarketBeat▲
Cullen Frost Bankers Inc. Acquires 19,816 Shares of American Electric Power Company, Inc. $AEP
Cullen Frost Bankers Inc. increased its stake in American Electric Power Company, Inc. by 8.1% in the fourth quarter, acquiring an additional 19,816 shares, bringing its total holdings to $30.5 million. American Electric Power reported strong quarterly results with EPS of $1.64 and revenue of $6.02 billion, exceeding analyst estimates. The company also announced a quarterly dividend of $0.95 per share and carries a "Moderate Buy" rating from analysts with an average price target of $141.57.
