Kovitz Investment Group Partners LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 323.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,114 shares of the company's stock after buying an additional 32,158 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in American Electric Power were worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of American Electric Power by 10.5% in the 3rd quarter. Barclays PLC now owns 2,249,203 shares of the company's stock worth $230,764,000 after buying an additional 213,153 shares during the period. Passumpsic Savings Bank purchased a new position in shares of American Electric Power in the 3rd quarter worth about $914,000. Virtu Financial LLC purchased a new position in shares of American Electric Power in the 3rd quarter worth about $3,191,000. Chelsea Counsel Co. grew its holdings in shares of American Electric Power by 46.1% during the 3rd quarter. Chelsea Counsel Co. now owns 1,110 shares of the company's stock worth $114,000 after purchasing an additional 350 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in American Electric Power during the 3rd quarter worth approximately $1,331,000. Hedge funds and other institutional investors own 75.24% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on AEP. Barclays lifted their price target on shares of American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Morgan Stanley set a $114.00 target price on shares of American Electric Power and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective 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. Finally, Bank of America raised their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $101.69.
Check Out Our Latest Analysis on AEP
American Electric Power Stock Up 0.1 %
Shares of AEP stock traded up $0.15 during trading hours on Friday, hitting $107.69. 1,984,658 shares of the company were exchanged, compared to its average volume of 3,152,079. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market capitalization of $57.47 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48. The business's 50-day simple moving average is $105.63 and its two-hundred day simple moving average is $100.05.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period last year, the business posted $1.23 earnings per share. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.
American Electric Power Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.
American Electric Power Company Profile
(
Free Report)
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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