Cbre Investment Management Listed Real Assets LLC Buys Shares of 32,620 American Electric Power Company, Inc. (NASDAQ:AEP)

Cbre Investment Management Listed Real Assets LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 32,620 shares of the company's stock, valued at approximately $3,009,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $33,000. Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $49,000. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several research analyst reports. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 26th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and upped their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, American Electric Power has an average rating of "Hold" and a consensus price target of $98.46.

Remove Ads

American Electric Power Stock Up 2.0 %

Shares of NASDAQ AEP traded up $2.03 during trading on Friday, reaching $104.62. The company had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The stock has a market cap of $55.78 billion, a PE ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.50. The business's 50-day moving average is $98.96 and its 200 day moving average is $98.58. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.24 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 period in the previous year, the company earned $1.23 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is 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.