BW Gestao de Investimentos Ltda. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 169,861 shares of the company’s stock, valued at approximately $19,587,000. American Electric Power makes up about 0.4% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 26th largest position.
A number of other institutional investors have also added to or reduced their stakes in the company. New Mexico Educational Retirement Board increased its holdings in American Electric Power by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 24,638 shares of the company’s stock worth $2,841,000 after buying an additional 500 shares during the last quarter. Rothschild Wealth LLC bought a new position in American Electric Power during the fourth quarter worth $220,000. Hazlett Burt & Watson Inc. boosted its position in American Electric Power by 14.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,139 shares of the company’s stock worth $247,000 after purchasing an additional 271 shares during the period. Rockline Wealth Management LLC boosted its position in American Electric Power by 3.7% during the fourth quarter. Rockline Wealth Management LLC now owns 33,283 shares of the company’s stock worth $3,838,000 after purchasing an additional 1,175 shares during the period. Finally, Essex Financial Services Inc. boosted its position in American Electric Power by 9.8% during the fourth quarter. Essex Financial Services Inc. now owns 8,140 shares of the company’s stock worth $939,000 after purchasing an additional 729 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Trading Down 2.3%
AEP opened at $123.79 on Tuesday. 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 50-day simple moving average of $131.53 and a 200 day simple moving average of $125.32. 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 stock has a market capitalization of $67.35 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 2.53 and a beta of 0.53.
American Electric Power Announces Dividend
The company also recently disclosed 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 3.1%. American Electric Power’s dividend payout ratio is currently 55.80%.
Analyst Ratings Changes
A number of research firms have commented on AEP. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Evercore lifted their price objective on shares of American Electric Power from $137.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Argus lifted their price objective on shares of American Electric Power from $128.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. reduced their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Finally, Mizuho lifted their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Thirteen investment 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 has a consensus rating of “Moderate Buy” and an average target price of $141.10.
View Our Latest 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.
Further Reading
- Five stocks we like better than American Electric Power
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
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.
