American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 559,967 shares of the company's stock after buying an additional 156,563 shares during the quarter. Sei Investments Co. owned approximately 0.11% of American Electric Power worth $51,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mizuho Securities USA LLC lifted its holdings in American Electric Power by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 50,475 shares of the company's stock valued at $4,655,000 after buying an additional 15,970 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of American Electric Power during the fourth quarter valued at approximately $1,085,000. Sciencast Management LP purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $1,335,000. Summit Global Investments grew its stake in American Electric Power by 180.7% in the fourth quarter. Summit Global Investments now owns 39,111 shares of the company's stock worth $3,607,000 after purchasing an additional 25,178 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in American Electric Power during the 4th quarter worth $210,000. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AEP. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Bank of America increased their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets raised their target price on shares of American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of "Hold" and a consensus target price of $100.77.

Remove Ads

American Electric Power Stock Up 1.2 %

NASDAQ AEP traded up $1.25 on Thursday, hitting $105.15. The stock had a trading volume of 5,232,599 shares, compared to its average volume of 2,871,880. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52. The business's fifty day moving average price is $102.42 and its 200 day moving average price is $99.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The stock has a market cap of $56.12 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

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 for the quarter, hitting 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 prior year, the business posted $1.23 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power's payout ratio is currently 66.43%.

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.