O Shaughnessy Asset Management LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 20.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,645 shares of the company's stock after buying an additional 15,825 shares during the period. O Shaughnessy Asset Management LLC's holdings in American Electric Power were worth $8,729,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of AEP. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in American Electric Power during the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power in the 3rd quarter worth about $33,000. Fairway Wealth LLC bought a new position in American Electric Power in the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $35,000. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Trading Down 4.2 %
AEP stock traded down $4.63 during mid-day trading on Friday, reaching $104.48. The company's stock had a trading volume of 7,367,841 shares, compared to its average volume of 3,107,684. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $110.48. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The business's 50 day moving average price is $103.79 and its 200 day moving average price is $99.26. The company has a market cap of $55.76 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate 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 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power's dividend payout ratio is presently 66.43%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Scotiabank lowered shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. BMO Capital Markets raised their price target 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. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. 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, Morgan Stanley lifted their target price on American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $100.77.
View Our Latest Stock Analysis on American Electric Power
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.
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