Tema Etfs LLC Invests $331,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Tema Etfs LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,584 shares of the company's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DAVENPORT & Co LLC increased its holdings in American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after purchasing an additional 3,288 shares during the period. Secure Asset Management LLC increased its stake in shares of American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock valued at $2,206,000 after buying an additional 4,370 shares during the period. Grove Bank & Trust raised its holdings in shares of American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock valued at $654,000 after acquiring an additional 5,771 shares in the last quarter. J2 Capital Management Inc purchased a new stake in American Electric Power in the fourth quarter worth $419,000. Finally, Merit Financial Group LLC boosted its holdings in American Electric Power by 136.6% in the fourth quarter. Merit Financial Group LLC now owns 13,714 shares of the company's stock valued at $1,265,000 after acquiring an additional 7,918 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Stock Down 1.1%

NASDAQ:AEP traded down $1.13 during trading hours on Thursday, reaching $101.80. 3,284,005 shares of the company traded hands, compared to its average volume of 3,207,669. 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 business's 50-day moving average price is $105.24 and its two-hundred day moving average price is $100.43. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48. The stock has a market capitalization of $54.38 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.97 and a beta of 0.45.

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

American Electric Power Dividend Announcement

The company 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. The ex-dividend date is Friday, May 9th. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. American Electric Power's dividend payout ratio is presently 71.68%.

Insider Transactions at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the transaction, the executive vice president now owns 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEP. Citigroup lifted their target price on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Guggenheim raised their target price on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley dropped their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, BMO Capital Markets upped their price target on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.69.

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.