Heritage Trust Co acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,692 shares of the company's stock, valued at approximately $709,000.
A number of other institutional investors also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power in the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at about $32,000. Kestra Investment Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $35,000. Newbridge Financial Services Group Inc. purchased a new position in American Electric Power during the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. acquired a new position in American Electric Power in the fourth quarter valued at approximately $38,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Trading Up 0.1 %
Shares of American Electric Power stock traded up $0.10 during trading hours on Tuesday, hitting $106.68. The company's stock had a trading volume of 2,597,967 shares, compared to its average volume of 3,175,129. The firm has a fifty day moving average of $104.39 and a 200-day moving average of $99.32. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market cap of $56.93 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.97 and a beta of 0.43. 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 quarterly 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 net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.49%. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted 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. Bank of America lifted their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley raised their price objective on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, American Electric Power currently has a consensus rating of "Hold" and an average price target of $100.77.
Check Out Our Latest Analysis on AEP
American Electric Power Company Profile
(
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.
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