Enhancing Capital LLC Makes New Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Enhancing Capital LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,300 shares of the company's stock, valued at approximately $2,795,000. American Electric Power comprises 2.2% of Enhancing Capital LLC's holdings, making the stock its 12th biggest position.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp lifted its stake in American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after acquiring an additional 102 shares in the last quarter. PSI Advisors LLC raised its stake in shares of American Electric Power by 10.6% during 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. Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock worth $286,000 after purchasing an additional 112 shares during the period. Albion Financial Group UT raised its stake in shares of American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock worth $1,119,000 after purchasing an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in shares of American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock worth $103,000 after purchasing an additional 112 shares during the period. Institutional investors own 75.24% of the company's stock.

Remove Ads

American Electric Power Stock Performance

American Electric Power stock traded down $1.10 during midday trading on Friday, reaching $105.11. The stock had a trading volume of 5,649,156 shares, compared to its average volume of 2,761,226. 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 firm has a market capitalization of $56.10 billion, a PE ratio of 18.77, a P/E/G ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $109.52. The firm's 50-day moving average price is $101.89 and its 200 day moving average price is $99.08.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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 last year, the firm posted $1.23 earnings per share. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced 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 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power's payout ratio is presently 66.43%.

Analyst Ratings Changes

A number of research firms have recently commented on AEP. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price on American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a research note on Thursday. Scotiabank cut 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. Barclays lowered 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. Finally, BMO Capital Markets lowered their target price on American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.92.

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.