Hsbc Holdings PLC lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,061,716 shares of the company’s stock after selling 3,929 shares during the quarter. Hsbc Holdings PLC’s holdings in American Electric Power were worth $122,445,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in American Electric Power by 72.2% in the 4th quarter. Activest Wealth Management now owns 217 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of American Electric Power by 330.2% during the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock worth $26,000 after buying an additional 175 shares in the last quarter. Optima Capital LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its position in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of American Electric Power by 200.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.
American Electric Power Price Performance
American Electric Power stock opened at $127.73 on Monday. American Electric Power Company, Inc. has a 1 year low of $101.11 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 firm has a 50 day moving average price of $130.83 and a 200 day moving average price of $125.93. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.55 and a beta of 0.53.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 8th. American Electric Power’s dividend payout ratio (DPR) is 55.80%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AEP. UBS Group raised their target price on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Raymond James Financial reissued an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a research note on Friday, May 8th. BMO Capital Markets decreased their price objective on American Electric Power from $141.00 to $138.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Evercore lifted their price objective on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average target price of $140.86.
View Our Latest Stock Report on American Electric Power
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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