Strategic Financial Concepts LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,856 shares of the company's stock, valued at approximately $263,000.
Several other institutional investors have also bought and sold shares of the business. State Street Corp lifted its holdings in shares of American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC lifted its holdings in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after buying an additional 352,588 shares in the last quarter. FMR LLC lifted its holdings in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock valued at $704,549,000 after buying an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in American Electric Power by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after buying an additional 100,578 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. Institutional investors own 75.24% of the company's stock.
American Electric Power Stock Performance
NASDAQ:AEP traded up $0.98 during trading hours on Friday, hitting $105.33. 4,001,955 shares of the company were exchanged, compared to its average volume of 3,314,018. The stock has a market capitalization of $56.16 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.91 and a beta of 0.58. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $105.73. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company's 50 day moving average price is $96.26 and its 200-day moving average price is $98.04.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting 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 quarter in the prior year, the firm posted $1.23 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power's payout ratio is 66.43%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AEP. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays cut their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. Scotiabank downgraded 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $98.00.
Read Our Latest 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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