Intech Investment Management LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 14.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,158 shares of the company’s stock after acquiring an additional 6,614 shares during the period. Intech Investment Management LLC’s holdings in American Electric Power were worth $6,014,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Czech National Bank raised its stake in American Electric Power by 3.9% during the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after purchasing an additional 5,314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in American Electric Power by 2.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after purchasing an additional 8,302 shares during the period. Cyndeo Wealth Partners LLC raised its stake in American Electric Power by 983.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after purchasing an additional 57,977 shares during the period. GF Fund Management CO. LTD. raised its stake in American Electric Power by 7.4% during the 4th quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock valued at $13,171,000 after purchasing an additional 7,833 shares during the period. Finally, National Pension Service raised its stake in American Electric Power by 1.3% during the 3rd quarter. National Pension Service now owns 1,919,442 shares of the company’s stock valued at $215,937,000 after purchasing an additional 24,862 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.
American Electric Power Trading Down 0.9%
Shares of NASDAQ:AEP opened at $126.67 on Friday. The stock has a market capitalization of $68.92 billion, a PE ratio of 18.60, a P/E/G ratio of 2.53 and a beta of 0.56. American Electric Power Company, Inc. has a 1 year low of $100.72 and a 1 year high of $139.44. The firm has a fifty day moving average price of $131.63 and a 200 day moving average price of $125.30. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42.
American Electric Power Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s dividend payout ratio is 55.80%.
Analysts Set New Price Targets
Several research firms have recently commented on AEP. Wells Fargo & Company boosted their price target on shares of American Electric Power from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and set a $144.00 price target on shares of American Electric Power in a report on Friday, May 8th. BMO Capital Markets lowered their price target on shares of 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. Truist Financial lowered their price target on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating on the stock in a report on Friday. Finally, Citigroup boosted their price target on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.
View Our Latest Analysis 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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