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

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $38,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday. Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Guggenheim increased their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $105.69.

American Electric Power Price Performance

NASDAQ:AEP traded up $1.08 during trading hours on Friday, hitting $102.88. The company's stock had a trading volume of 1,888,413 shares, compared to its average volume of 3,210,224. The business's 50-day moving average is $105.09 and its two-hundred day moving average is $100.50. The company has a market capitalization of $54.96 billion, a PE ratio of 18.37, 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 Company, Inc. has a 52-week low of $85.93 and a 52-week high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) 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 return on equity of 11.27% and a net margin of 15.08%. American Electric Power's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, May 9th. American Electric Power's payout ratio is 71.68%.

Insiders Place Their Bets

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the 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 approximately $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

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.