American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 763,780 shares of the company's stock after buying an additional 13,684 shares during the period. Price T Rowe Associates Inc. MD owned 0.14% of American Electric Power worth $70,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp grew its stake in American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after purchasing an additional 102 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of American Electric Power by 2.3% in the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after buying an additional 103 shares during the period. PSI Advisors LLC grew its position in shares of American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after buying an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in shares of American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock worth $286,000 after buying an additional 112 shares during the period. Finally, Albion Financial Group UT raised its holdings in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock valued at $1,119,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $0.15 during trading on Friday, reaching $107.69. The company had a trading volume of 1,984,658 shares, compared to its average volume of 3,152,079. The stock has a market capitalization of $57.47 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a 50-day moving average price of $105.63 and a two-hundred day moving average price of $100.04. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the firm posted $1.23 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.45%. American Electric Power's dividend payout ratio (DPR) is 66.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley set a $114.00 price objective on American Electric Power and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Barclays boosted their target price on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $101.83.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.