O Shaughnessy Asset Management LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 7.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 173,937 shares of the company’s stock after acquiring an additional 12,397 shares during the period. O Shaughnessy Asset Management LLC’s holdings in American Electric Power were worth $20,057,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in shares of 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. Rakuten Securities Inc. grew its holdings in shares of American Electric Power by 7,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Optima Capital LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $26,000. 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 purchasing an additional 175 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of American Electric Power by 200.0% in 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 in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Stock Down 1.8%
Shares of AEP opened at $126.77 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $100.72 and a 52-week 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 business has a fifty day moving average of $131.48 and a 200 day moving average of $125.50. The company has a market cap of $68.98 billion, a PE ratio of 18.62, a P/E/G ratio of 2.57 and a beta of 0.53.
American Electric Power Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 8th. American Electric Power’s payout ratio is presently 55.80%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wall Street Zen cut American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial dropped their target price on shares of American Electric Power from $148.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 29th. BMO Capital Markets decreased 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 research note on Wednesday, April 22nd. Argus raised their price target on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, UBS Group boosted their price objective on shares of American Electric Power from $132.00 to $135.00 in a research report on Monday, March 9th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.10.
Read Our Latest Stock Report on American Electric Power
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.
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