Bank of Montreal Can boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,131,425 shares of the company's stock after buying an additional 176,581 shares during the quarter. Bank of Montreal Can owned 0.40% of American Electric Power worth $196,581,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the third quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ purchased a new position in American Electric Power during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in American Electric Power during the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power in the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the fourth quarter worth $35,000. Institutional investors own 75.24% of the company's stock.
American Electric Power Stock Up 1.4 %
Shares of NASDAQ:AEP traded up $1.43 on Friday, reaching $104.63. The company had a trading volume of 3,582,789 shares, compared to its average volume of 3,177,093. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market capitalization 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 stock has a 50-day moving average price of $104.24 and a 200 day moving average price of $99.29. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $110.48.
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, 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 quarter in the previous year, the company earned $1.23 earnings per share. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is 66.43%.
Analysts Set New Price Targets
Several research analysts recently weighed in on AEP shares. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. 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 report on Tuesday, March 18th. Morgan Stanley boosted their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets lifted 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 note on Wednesday, March 26th. One equities 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $100.77.
Read Our Latest Report on AEP
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.
Recommended Stories
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
