Caption Management LLC Invests $2.31 Million in American Electric Power Company, Inc. (NASDAQ:AEP)

Caption Management LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company's stock, valued at approximately $2,306,000.

Several other large investors have also made changes to their positions in AEP. Cetera Investment Advisers grew its position in American Electric Power by 7.6% during the fourth quarter. Cetera Investment Advisers now owns 188,746 shares of the company's stock worth $17,408,000 after buying an additional 13,344 shares in the last quarter. BROOKFIELD Corp ON grew its holdings in shares of American Electric Power by 21.5% during the 4th quarter. BROOKFIELD Corp ON now owns 45,568 shares of the company's stock worth $4,203,000 after purchasing an additional 8,078 shares in the last quarter. Captrust Financial Advisors increased its position in shares of American Electric Power by 2.6% during the fourth quarter. Captrust Financial Advisors now owns 83,284 shares of the company's stock valued at $7,681,000 after purchasing an additional 2,074 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at $3,230,000. Finally, Baird Financial Group Inc. lifted its position in American Electric Power by 4.7% in the fourth quarter. Baird Financial Group Inc. now owns 650,537 shares of the company's stock worth $59,999,000 after purchasing an additional 29,031 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent research reports. Guggenheim increased their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Barclays upped their price objective 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. BMO Capital Markets raised their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus price target of $105.77.

American Electric Power Price Performance

Shares of NASDAQ AEP traded down $0.51 during trading on Friday, reaching $104.68. The company had a trading volume of 3,056,954 shares, compared to its average volume of 3,161,627. 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 moving average price is $105.65 and its 200-day moving average price is $100.25. The stock has a market cap of $55.92 billion, a PE ratio of 18.69, a PEG ratio of 2.97 and a beta of 0.45. 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 (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. American Electric Power's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.

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.