Allworth Financial LP Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Allworth Financial LP raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,586 shares of the company's stock after purchasing an additional 4,000 shares during the period. Allworth Financial LP's holdings in American Electric Power were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of American Electric Power by 4.3% in 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 in the last quarter. Geode Capital Management LLC raised its position in shares of American Electric Power by 2.9% in 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 in the last quarter. FMR LLC raised its position in shares of American Electric Power by 18.8% in 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 in the last quarter. Allspring Global Investments Holdings LLC increased 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 valued at $427,009,000 after buying an additional 100,578 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of AEP traded up $0.98 during mid-day trading on Friday, reaching $105.33. The company had a trading volume of 4,001,955 shares, compared to its average volume of 3,314,018. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $105.73. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $56.16 billion, a P/E ratio of 18.81, a PEG ratio of 2.91 and a beta of 0.58. The stock has a 50 day moving average of $96.26 and a two-hundred day moving average of $98.04.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the business earned $1.23 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.53%. American Electric Power's payout ratio is 66.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and upped their target price for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, Scotiabank lowered American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from 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.