Trexquant Investment LP purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,327 shares of the company's stock, valued at approximately $3,258,000.
Other hedge funds have also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC boosted its holdings in shares of American Electric Power by 191.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 89,690 shares of the company's stock worth $9,202,000 after purchasing an additional 58,916 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $1,021,000. EP Wealth Advisors LLC boosted its stake in shares of American Electric Power by 12.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 11,057 shares of the company's stock valued at $1,134,000 after buying an additional 1,231 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of American Electric Power by 40.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 72,835 shares of the company's stock valued at $7,473,000 after acquiring an additional 21,053 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the third quarter worth $25,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Stock Performance
AEP stock traded up $1.43 during mid-day trading on Friday, reaching $104.63. 3,582,789 shares of the stock traded hands, compared to its average volume of 3,174,035. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average of $104.24 and a two-hundred day moving average of $99.30. The firm has a market capitalization of $55.84 billion, a PE ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $110.48.
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 (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 last year, the company posted $1.23 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.
American Electric Power Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is currently 66.43%.
Analyst Ratings Changes
AEP has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. BMO Capital Markets lifted 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 note on Wednesday, March 26th. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $100.77.
View Our Latest Stock Analysis on American Electric Power
American Electric Power Company Profile
(
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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