American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,344 shares of the company's stock after buying an additional 3,624 shares during the quarter. Treasurer of the State of North Carolina owned 0.05% of American Electric Power worth $26,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AEP. SouthState Corp increased its holdings in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after purchasing an additional 102 shares during the period. PSI Advisors LLC boosted its position in American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after buying an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock worth $286,000 after buying an additional 112 shares during the period. Albion Financial Group UT raised its position in American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock worth $1,119,000 after buying an additional 112 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock valued at $103,000 after acquiring an additional 112 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages recently weighed in on AEP. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Finally, Bank of America boosted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has an average rating of "Hold" and an average price target of $100.77.

American Electric Power Trading Up 0.1 %

AEP stock traded up $0.10 during trading on Tuesday, reaching $106.68. 2,597,090 shares of the stock were exchanged, compared to its average volume of 3,174,970. 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 firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.97 and a beta of 0.43. The business has a 50 day moving average price of $104.39 and a 200-day moving average price of $99.32. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts' consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the firm earned $1.23 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.49%. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

American Electric Power 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.