102,730 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Greenland Capital Management LP

Greenland Capital Management LP purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 102,730 shares of the company's stock, valued at approximately $9,475,000. American Electric Power accounts for about 1.5% of Greenland Capital Management LP's portfolio, making the stock its 11th biggest position.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in American Electric Power during the fourth quarter valued at $220,983,000. Vanguard Group Inc. raised its stake in shares of American Electric Power by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock worth $4,767,425,000 after purchasing an additional 763,813 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of American Electric Power by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock valued at $315,498,000 after purchasing an additional 738,756 shares in the last quarter. Invesco Ltd. increased its holdings in American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock worth $793,510,000 after buying an additional 716,229 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in American Electric Power by 94.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,386,375 shares of the company's stock worth $127,876,000 after buying an additional 673,644 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on AEP shares. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Bank of America raised their target price 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 upped their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Finally, Morgan Stanley raised 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $100.77.

American Electric Power Trading Up 1.4 %

AEP traded up $1.43 during trading on Friday, reaching $104.63. The company had a trading volume of 3,582,789 shares, compared to its average volume of 3,174,035. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $110.48. 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 cap of $55.84 billion, a P/E ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.43. The business has a 50 day simple moving average of $104.24 and a 200-day simple moving average of $99.30.

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, 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. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's dividend 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.