Allspring Global Investments Holdings LLC Has $427.01 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Allspring Global Investments Holdings LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,644,349 shares of the company's stock after acquiring an additional 100,578 shares during the quarter. American Electric Power comprises approximately 0.7% of Allspring Global Investments Holdings LLC's holdings, making the stock its 19th largest position. Allspring Global Investments Holdings LLC owned about 0.87% of American Electric Power worth $427,009,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. XML Financial LLC raised its holdings in American Electric Power by 3.8% in the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after acquiring an additional 106 shares in the last quarter. PSI Advisors LLC raised its holdings in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after acquiring an additional 107 shares in the last quarter. Garrison Asset Management LLC raised its holdings in American Electric Power by 0.6% in the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock valued at $1,950,000 after acquiring an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY raised its holdings in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock valued at $516,000 after acquiring an additional 110 shares in the last quarter. Finally, First United Bank & Trust raised its holdings in shares of American Electric Power by 17.1% in the 3rd quarter. First United Bank & Trust now owns 766 shares of the company's stock worth $79,000 after buying an additional 112 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.8 %

AEP traded up $0.84 during mid-day trading on Friday, reaching $101.83. The stock had a trading volume of 2,770,820 shares, compared to its average volume of 3,437,045. The stock has a market capitalization of $54.19 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.84 and a beta of 0.58. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The firm's fifty day simple moving average is $95.57 and its two-hundred day simple moving average is $97.95. American Electric Power Company, Inc. has a 52 week low of $79.01 and a 52 week high of $105.18.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts' consensus estimates of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same period last year, the business posted $1.23 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. American Electric Power's dividend payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Evercore ISI dropped their target price on American Electric Power from $97.00 to $96.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $98.00.

American Electric Power Company 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.