American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,033,101 shares traded hands during trading, an increase of 10% from the previous session's volume of 2,761,385 shares.The stock last traded at $102.55 and had previously closed at $104.18.
Analyst Ratings Changes
AEP has been the subject of a number of research reports. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets increased their target price on American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of "Hold" and an average target price of $100.77.
Read Our Latest Report on AEP
American Electric Power Stock Up 1.7 %
The stock has a market cap of $57.08 billion, a PE ratio of 19.10, a PEG ratio of 2.97 and a beta of 0.50. 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 company has a 50 day moving average price of $102.78 and a two-hundred day moving average price of $99.15.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 last year, the business posted $1.23 earnings per share. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's dividend payout ratio is currently 66.43%.
Institutional Investors Weigh In On American Electric Power
A number of hedge funds have recently added to or reduced their stakes in AEP. Safeguard Investment Advisory Group LLC grew its holdings in shares of American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after acquiring an additional 100 shares during the period. SouthState Corp boosted its position in American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after purchasing an additional 102 shares during the last quarter. Ascent Group LLC grew its stake in shares of American Electric Power by 0.4% during the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after purchasing an additional 102 shares during the period. Dark Forest Capital Management LP increased its position in shares of American Electric Power by 2.3% during the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after purchasing an additional 103 shares during the last quarter. Finally, PSI Advisors LLC lifted its stake 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 purchasing an additional 107 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
American Electric Power Company Profile
(
Get 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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