Uhlmann Price Securities LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,721 shares of the company’s stock, valued at approximately $1,124,000.
Several other hedge funds have also added to or reduced their stakes in the business. Czech National Bank grew its holdings in American Electric Power by 3.9% in the 4th quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after buying an additional 5,314 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $32,032,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of American Electric Power by 2.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock worth $33,869,000 after buying an additional 8,302 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its position in shares of American Electric Power by 983.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after acquiring an additional 57,977 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of American Electric Power by 17.7% in the fourth quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after acquiring an additional 9,532 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.
American Electric Power Stock Up 0.0%
NASDAQ AEP opened at $127.73 on Friday. The business has a fifty day moving average price of $130.83 and a two-hundred day moving average price of $125.89. The stock has a market capitalization of $69.50 billion, a PE ratio of 18.76, a PEG ratio of 2.55 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $139.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39.
American Electric Power Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio (DPR) is 55.80%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on AEP shares. Argus raised their price target 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. Wall Street Zen downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group increased their target price on shares of American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Evercore increased their target price 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $144.00 target price on shares of American Electric Power in a report on Friday, May 8th. Thirteen investment 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, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.
View Our Latest 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.
Read More
- Five stocks we like better than American Electric Power
- SpaceX Was Just the Beginning—2 More Massive IPOs Are on Deck
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
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.
