Employees Retirement System of Texas increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,234 shares of the company's stock after purchasing an additional 10,945 shares during the quarter. Employees Retirement System of Texas' holdings in American Electric Power were worth $101,670,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of AEP. Bank of Montreal Can grew its holdings in American Electric Power by 9.0% during the 4th quarter. Bank of Montreal Can now owns 2,131,425 shares of the company's stock worth $196,581,000 after acquiring an additional 176,581 shares during the last quarter. Cerity Partners LLC increased its holdings in American Electric Power by 4.9% in the fourth quarter. Cerity Partners LLC now owns 95,601 shares of the company's stock valued at $9,001,000 after purchasing an additional 4,497 shares during the last quarter. Sierra Summit Advisors LLC lifted its stake in American Electric Power by 11.2% in the fourth quarter. Sierra Summit Advisors LLC now owns 7,407 shares of the company's stock valued at $683,000 after buying an additional 749 shares during the period. Federated Hermes Inc. boosted its holdings in American Electric Power by 0.7% during the fourth quarter. Federated Hermes Inc. now owns 3,707,166 shares of the company's stock worth $341,912,000 after buying an additional 26,725 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of American Electric Power by 28.0% in the 4th quarter. Russell Investments Group Ltd. now owns 1,305,275 shares of the company's stock valued at $120,385,000 after acquiring an additional 285,383 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Trading Up 1.4 %
NASDAQ AEP traded up $1.43 during trading on Friday, hitting $104.63. The stock had a trading volume of 3,582,789 shares, compared to its average volume of 3,174,035. 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 has a 50 day simple moving average of $104.24 and a 200 day simple moving average of $99.30. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $110.48. The stock has a market capitalization of $55.84 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.43.
American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) 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 in the previous year, the firm posted $1.23 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.
American Electric Power Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.56%. American Electric Power's dividend payout ratio (DPR) is currently 66.43%.
Analysts Set New Price Targets
Several research firms recently weighed in on AEP. BMO Capital Markets lifted their price target on American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $100.77.
Read Our Latest Stock Report on American Electric Power
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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