Sciencast Management LP Makes New $1.34 Million Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Sciencast Management LP acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,474 shares of the company's stock, valued at approximately $1,335,000.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets upped 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 report on Wednesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $100.77.

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American Electric Power Trading Up 1.2 %

Shares of NASDAQ AEP traded up $1.25 during mid-day trading on Thursday, reaching $105.15. The company had a trading volume of 5,232,599 shares, compared to its average volume of 2,871,880. The stock has a market cap of $56.12 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52. The business's 50-day moving average is $102.42 and its 200-day moving average is $99.09. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

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, 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 in the prior year, the company posted $1.23 EPS. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.54%. American Electric Power's payout ratio is currently 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.