United Community Bank grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4,011.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,555 shares of the company's stock after acquiring an additional 20,055 shares during the period. United Community Bank's holdings in American Electric Power were worth $1,896,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power during the third quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $49,000. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Stock Performance
Shares of American Electric Power stock traded up $2.03 on Friday, hitting $104.62. 4,042,200 shares of the company's stock were exchanged, compared to its average volume of 3,396,798. The company has a 50-day simple moving average of $99.21 and a 200-day simple moving average of $98.64. The stock has a market capitalization of $55.78 billion, a PE ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.
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, meeting 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 quarter in the previous year, the business posted $1.23 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is 66.43%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Bank of America raised shares of American Electric Power from an "underperform" rating to a "buy" rating and raised their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank downgraded shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays cut their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. 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's stock. According to MarketBeat.com, American Electric Power presently has an average rating of "Hold" and a consensus target price of $98.46.
Get Our Latest Report on AEP
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.
Recommended Stories
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
