National Pension Service boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,970,769 shares of the company’s stock after acquiring an additional 21,345 shares during the period. National Pension Service owned 0.36% of American Electric Power worth $269,621,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in American Electric Power in the first quarter valued at about $320,000. Sivia Capital Partners LLC raised its stake in American Electric Power by 149.5% in the second quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock valued at $507,000 after buying an additional 2,931 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in American Electric Power by 4.4% in the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after acquiring an additional 105 shares in the last quarter. Finally, AXA S.A. boosted its holdings in American Electric Power by 95.7% in the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after acquiring an additional 38,684 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Stock Performance
Shares of NASDAQ AEP opened at $124.67 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12 month low of $105.70 and a 12 month high of $140.58. The company has a 50 day simple moving average of $128.58 and a two-hundred day simple moving average of $130.48. The stock has a market cap of $67.87 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.65 and a beta of 0.51.
American Electric Power Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 10th. American Electric Power’s dividend payout ratio (DPR) is currently 65.18%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Jefferies Financial Group boosted their target price on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. BMO Capital Markets cut their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a report on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of American Electric Power from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.
Read Our Latest Report on American Electric Power
Insider Buying and Selling at American Electric Power
In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.
American Electric Power Company Profile
American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.
AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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