Legal & General Group Plc lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,261,957 shares of the company's stock after selling 653,595 shares during the quarter. Legal & General Group Plc owned about 0.80% of American Electric Power worth $393,081,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. SouthState Corp lifted its holdings in shares of American Electric Power by 1.6% in the 4th quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after buying an additional 102 shares during the period. PSI Advisors LLC raised its position in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after acquiring an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after acquiring an additional 112 shares during the period. Albion Financial Group UT boosted its position in American Electric Power by 0.9% in 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 in the last quarter. Finally, GHP Investment Advisors Inc. grew 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. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Price Performance
Shares of AEP traded up $1.43 during trading hours on Friday, hitting $104.63. 3,582,789 shares of the stock were exchanged, compared to its average volume of 3,177,093. The stock's 50-day moving average price is $104.24 and its two-hundred day moving average price is $99.29. 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 company has a market cap of $55.84 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $110.48.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 period in the previous year, the business earned $1.23 earnings per share. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.
American Electric Power Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is 66.43%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on AEP shares. Bank of America boosted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets increased their target price on shares of American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Morgan Stanley lifted their price target on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Finally, Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One research 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, the company presently has a consensus rating of "Hold" and a consensus target price of $100.77.
Read Our Latest Analysis on AEP
About American Electric Power
(
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.
See Also
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
