Czech National Bank Purchases 7,073 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Czech National Bank lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,471 shares of the company's stock after buying an additional 7,073 shares during the quarter. Czech National Bank's holdings in American Electric Power were worth $10,650,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AEP. State Street Corp boosted its stake in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. Geode Capital Management LLC lifted its holdings in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after purchasing an additional 352,588 shares during the last quarter. FMR LLC boosted its position in American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock valued at $466,191,000 after purchasing an additional 341,846 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after purchasing an additional 1,962,125 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AEP. Jefferies Financial Group started coverage on shares of American Electric Power in a research note on Friday, September 20th. They issued a "hold" rating and a $107.00 price target on the stock. Scotiabank lowered American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets decreased their price objective on American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $98.00 to $104.00 in a report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.00.

American Electric Power Price Performance

Shares of AEP stock traded down $0.04 during trading hours on Tuesday, reaching $94.50. The company's stock had a trading volume of 3,172,090 shares, compared to its average volume of 3,639,439. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The firm's 50 day simple moving average is $94.64 and its 200-day simple moving average is $96.74. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.70 and a beta of 0.56.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.94%. American Electric Power's payout ratio is 74.55%.

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.