BROOKFIELD Corp ON Has $4.20 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

BROOKFIELD Corp ON grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,568 shares of the company's stock after purchasing an additional 8,078 shares during the period. BROOKFIELD Corp ON's holdings in American Electric Power were worth $4,203,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

AEP has been the topic of several analyst reports. Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Barclays upped their target price on shares of 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 price target on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Guggenheim raised their price objective on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $105.77.

American Electric Power Stock Down 0.5 %

American Electric Power stock traded down $0.51 during mid-day trading on Friday, reaching $104.68. The company's stock had a trading volume of 3,056,954 shares, compared to its average volume of 3,161,980. The business's 50 day simple moving average is $105.65 and its 200 day simple moving average is $100.26. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48. The company has a market capitalization of $55.87 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the business posted $1.27 EPS. American Electric Power's revenue was up 8.7% on a year-over-year basis. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's payout ratio is presently 66.43%.

American Electric Power Company 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.