Vise Technologies Inc. raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 38.3% during the 4th quarter, Holdings Channel reports. The firm owned 17,995 shares of the company’s stock after purchasing an additional 4,986 shares during the quarter. Vise Technologies Inc.’s holdings in American Electric Power were worth $2,075,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of AEP. Victory Capital Management Inc. lifted its holdings in shares of American Electric Power by 105.6% in the third quarter. Victory Capital Management Inc. now owns 5,379,342 shares of the company’s stock valued at $595,243,000 after purchasing an additional 2,763,328 shares in the last quarter. Soroban Capital Partners LP lifted its holdings in shares of American Electric Power by 176.3% in the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock valued at $415,526,000 after purchasing an additional 2,555,415 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of American Electric Power by 357.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,957,491 shares of the company’s stock valued at $225,718,000 after purchasing an additional 1,529,662 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of American Electric Power by 118.2% in the third quarter. AQR Capital Management LLC now owns 2,585,605 shares of the company’s stock valued at $286,692,000 after purchasing an additional 1,400,547 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of American Electric Power by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 6,084,813 shares of the company’s stock valued at $684,772,000 after purchasing an additional 1,285,279 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
American Electric Power Stock Performance
Shares of AEP opened at $129.14 on Monday. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The company’s 50 day simple moving average is $131.52 and its 200 day simple moving average is $125.47. The company has a market capitalization of $70.27 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.57 and a beta of 0.53.
American Electric Power Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s dividend payout ratio is 55.80%.
Analyst Ratings Changes
Several brokerages recently issued reports on AEP. Seaport Research Partners raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, April 20th. Raymond James Financial reissued an “outperform” rating and set a $144.00 price objective on shares of American Electric Power in a research note on Friday, May 8th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, March 4th. UBS Group upped their price objective on shares of American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. Finally, BMO Capital Markets reduced their price objective on shares of American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.10.
Check Out Our Latest Report on AEP
American Electric Power Profile
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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