Invesco Ltd. boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,603,600 shares of the company's stock after acquiring an additional 716,229 shares during the quarter. Invesco Ltd. owned 1.62% of American Electric Power worth $793,510,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of American Electric Power during the fourth quarter valued at approximately $220,983,000. Vanguard Group Inc. increased its position in shares of American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after purchasing an additional 763,813 shares during the period. JPMorgan Chase & Co. raised its stake in shares of American Electric Power by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock worth $315,498,000 after buying an additional 738,756 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in shares of American Electric Power by 94.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,386,375 shares of the company's stock valued at $127,876,000 after buying an additional 673,644 shares during the period. Finally, Prudential Financial Inc. boosted its stake in American Electric Power by 168.0% during the fourth quarter. Prudential Financial Inc. now owns 917,762 shares of the company's stock valued at $84,645,000 after buying an additional 575,318 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.
American Electric Power Stock Up 1.4 %
NASDAQ:AEP traded up $1.43 during trading hours on Friday, hitting $104.63. 3,582,789 shares of the company's stock traded hands, compared to its average volume of 3,177,093. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $110.48. The firm has a market cap of $55.84 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.43. 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 $104.24 and its two-hundred day moving average price is $99.29.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the company earned $1.23 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power's dividend payout ratio is 66.43%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AEP shares. BMO Capital Markets upped their price target on shares of American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Bank of America raised their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $100.77.
Get Our Latest Analysis on American Electric Power
About American Electric Power
(
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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