Measured Risk Portfolios Inc. acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,331 shares of the company's stock, valued at approximately $1,967,000. American Electric Power comprises about 2.1% of Measured Risk Portfolios Inc.'s holdings, making the stock its 20th biggest holding.
Several other hedge funds also recently modified their holdings of AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $32,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $35,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the fourth quarter valued at $35,000. Finally, Lee Danner & Bass Inc. bought a new position in American Electric Power in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 75.24% of the company's stock.
American Electric Power Price Performance
Shares of AEP stock opened at $100.99 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The firm has a fifty day moving average of $105.61 and a 200-day moving average of $100.28. The firm has a market capitalization of $53.95 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The company's revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts forecast 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 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 3.68%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.
Wall Street Analyst Weigh In
Several analysts have weighed in on AEP shares. 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 report on Monday, April 21st. Barclays lifted their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Guggenheim lifted their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $105.77.
Check Out Our Latest Report on AEP
American Electric Power 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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