World Investment Advisors Has $1.41 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

World Investment Advisors lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 175.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,245 shares of the company's stock after purchasing an additional 9,706 shares during the quarter. World Investment Advisors' holdings in American Electric Power were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after buying an additional 763,813 shares during the period. GQG Partners LLC boosted its stake in American Electric Power by 3.7% during the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock valued at $1,389,032,000 after purchasing an additional 543,054 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Electric Power by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock valued at $1,178,174,000 after purchasing an additional 283,311 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after buying an additional 100,578 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in American Electric Power by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company's stock valued at $354,551,000 after buying an additional 84,704 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

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American Electric Power Stock Up 0.2 %

Shares of American Electric Power stock traded up $0.21 on Thursday, hitting $102.56. 1,331,981 shares of the company traded hands, compared to its average volume of 3,155,261. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $110.48. 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 company has a market cap of $54.74 billion, a PE ratio of 18.22, a PEG ratio of 2.97 and a beta of 0.43. The company has a 50-day moving average price of $104.03 and a 200 day moving average price of $99.26.

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, 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 prior year, the company earned $1.23 EPS. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.63%. American Electric Power's dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets upped their price target on American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $100.77.

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.