Brevan Howard Capital Management LP Has $1.08 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Brevan Howard Capital Management LP cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,675 shares of the company's stock after selling 13,142 shares during the quarter. Brevan Howard Capital Management LP's holdings in American Electric Power were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

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

American Electric Power Price Performance

NASDAQ:AEP opened at $107.48 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The business's 50-day simple moving average is $105.72 and its two-hundred day simple moving average is $100.19. The stock has a market cap of $57.36 billion, a PE ratio of 19.19, a P/E/G ratio of 2.97 and a beta of 0.45.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $0.93 dividend. The ex-dividend date is Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.46%. American Electric Power's dividend payout ratio is currently 66.43%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays increased their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Guggenheim raised their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, Morgan Stanley set a $114.00 target price on shares of American Electric Power and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $105.77.

About American Electric Power

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.

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