Lifeworks Advisors LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,182 shares of the company's stock, valued at approximately $293,000.
Several other large investors have also bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in shares of American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after purchasing an additional 3,288 shares during the last quarter. Secure Asset Management LLC raised its holdings in shares of American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock valued at $2,206,000 after purchasing an additional 4,370 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock valued at $654,000 after purchasing an additional 5,771 shares during the last quarter. J2 Capital Management Inc purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $419,000. Finally, Principal Financial Group Inc. grew its position in American Electric Power by 3.1% during the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company's stock valued at $65,667,000 after buying an additional 19,081 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 $2.03 during mid-day trading on Friday, reaching $104.62. The stock had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. The firm has a market cap of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG 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 business has a fifty day moving average of $99.21 and a 200 day moving average of $98.64. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.
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, hitting 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 last year, the business earned $1.23 earnings per share. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. American Electric Power's dividend payout ratio is 66.43%.
Wall Street Analysts Forecast Growth
AEP has been the subject of several recent research reports. Bank of America upgraded shares of American Electric Power from an "underperform" rating to a "buy" rating and boosted their target price for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets cut their target price on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Barclays cut their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. Finally, Scotiabank lowered shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. One equities 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. Based on data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and a consensus price target of $98.46.
Check Out Our Latest Stock 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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