American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Raised by Ninepoint Partners LP

Ninepoint Partners LP lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 27.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,204 shares of the company's stock after buying an additional 2,848 shares during the period. Ninepoint Partners LP's holdings in American Electric Power were worth $1,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in American Electric Power in the 3rd quarter valued at about $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power in the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter worth approximately $32,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in American Electric Power during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AEP shares. Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, American Electric Power currently has an average rating of "Hold" and a consensus price target of $99.92.

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American Electric Power Stock Up 0.3 %

Shares of NASDAQ AEP traded up $0.37 during trading on Thursday, reaching $106.21. 2,946,102 shares of the stock were exchanged, compared to its average volume of 2,762,540. The company has a market capitalization of $56.68 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The business's 50-day moving average price is $101.38 and its 200 day moving average price is $99.00. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS 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 period last year, the company posted $1.23 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed 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 3.50%. American Electric Power's dividend payout ratio (DPR) is presently 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.