Fox Run Management L.L.C. purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,229 shares of the company’s stock, valued at approximately $949,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of AEP. Brighton Jones LLC increased its holdings in American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the last quarter. Acadian Asset Management LLC bought a new stake in American Electric Power in the 1st quarter valued at $320,000. Sivia Capital Partners LLC increased its holdings in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after acquiring an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in American Electric Power by 4.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after acquiring an additional 105 shares during the last quarter. Finally, AXA S.A. increased its holdings in American Electric Power by 95.7% in the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after acquiring an additional 38,684 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Stock Performance
American Electric Power stock opened at $128.53 on Thursday. The company’s 50-day moving average price is $131.38 and its 200-day moving average price is $125.59. American Electric Power Company, Inc. has a twelve month low of $100.72 and a twelve month high of $139.44. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The company has a market cap of $69.93 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.
American Electric Power Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.0%. American Electric Power’s payout ratio is currently 55.80%.
Analyst Ratings Changes
AEP has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Evercore boosted their target price on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Raymond James Financial restated an “outperform” rating and issued a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Barclays boosted their target price on shares of American Electric Power from $135.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Citigroup boosted their target price on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.10.
Read Our Latest Analysis on AEP
American Electric Power Company 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.
Recommended Stories
- Five stocks we like better than American Electric Power
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP – Free Report).
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.
