American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Lifted by Alberta Investment Management Corp

Alberta Investment Management Corp grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 52.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,748 shares of the company's stock after acquiring an additional 25,227 shares during the quarter. Alberta Investment Management Corp's holdings in American Electric Power were worth $6,802,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp boosted its position in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. Geode Capital Management LLC boosted its position in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock worth $1,280,655,000 after acquiring an additional 352,588 shares during the period. FMR LLC boosted its position in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC boosted its position in American Electric Power by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after acquiring an additional 100,578 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock worth $385,079,000 after buying an additional 1,962,125 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on AEP. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. UBS Group boosted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Barclays dropped their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.00.

American Electric Power Stock Up 0.9 %

NASDAQ:AEP traded up $0.98 during trading hours on Friday, hitting $105.33. 4,001,955 shares of the company's stock traded hands, compared to its average volume of 3,044,752. The firm has a market cap of $56.16 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.95 and a beta of 0.58. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $105.73. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock's fifty day moving average price is $96.51 and its two-hundred day moving average price is $98.09.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the business earned $1.23 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, February 10th. American Electric Power's payout ratio is 66.43%.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.