Assenagon Asset Management S.A. boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 140.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 385,499 shares of the company's stock after buying an additional 225,063 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of American Electric Power worth $35,555,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. E Fund Management Co. Ltd. increased its position in shares of American Electric Power by 2.0% during the second quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company's stock worth $464,000 after buying an additional 105 shares during the period. XML Financial LLC grew its holdings in American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company's stock worth $300,000 after acquiring an additional 106 shares during the period. PSI Advisors LLC raised its position in shares of American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after acquiring an additional 107 shares in the last quarter. Garrison Asset Management LLC lifted its stake in shares of 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 purchasing an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY boosted its position in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock valued at $516,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 75.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on AEP shares. Evercore ISI lowered 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 shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, American Electric Power has a consensus rating of "Hold" and an average target price of $98.00.
Get Our Latest Stock Report on American Electric Power
American Electric Power Stock Performance
NASDAQ:AEP traded up $0.43 during trading on Friday, reaching $97.25. The company's stock had a trading volume of 2,728,461 shares, compared to its average volume of 3,400,760. The firm has a market cap of $51.75 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. 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 has a 50 day moving average of $94.51 and a 200-day moving average of $96.77.
American Electric Power Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a dividend of $0.93 per share. This is a boost from American Electric Power's previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. American Electric Power's dividend payout ratio is 74.55%.
American Electric Power Company Profile
(
Free Report)
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.
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