National Bank of Canada FI increased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 65.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 532,895 shares of the company's stock after purchasing an additional 210,507 shares during the quarter. National Bank of Canada FI owned approximately 0.10% of American Electric Power worth $44,371,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. TCG Advisory Services LLC grew its stake in shares of American Electric Power by 5.4% during the fourth quarter. TCG Advisory Services LLC now owns 4,948 shares of the company's stock worth $402,000 after purchasing an additional 254 shares during the period. AJOVista LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $140,000. Ifrah Financial Services Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $205,000. Sapient Capital LLC bought a new position in American Electric Power during the 4th quarter worth approximately $221,000. Finally, Axxcess Wealth Management LLC grew its holdings in American Electric Power by 49.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 42,422 shares of the company's stock valued at $3,446,000 after purchasing an additional 14,029 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Stock Up 0.2 %
AEP stock traded up $0.21 during midday trading on Monday, hitting $88.81. The company's stock had a trading volume of 2,354,051 shares, compared to its average volume of 3,755,158. The company's fifty day moving average price is $84.10 and its 200 day moving average price is $80.94. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $92.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The stock has a market capitalization of $46.81 billion, a P/E ratio of 16.48, a PEG ratio of 2.74 and a beta of 0.50.
American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. American Electric Power's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.
American Electric Power Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.96%. American Electric Power's dividend payout ratio is presently 65.31%.
Analyst Ratings Changes
AEP has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of American Electric Power from $84.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 1st. StockNews.com upgraded American Electric Power from a "sell" rating to a "hold" rating in a report on Wednesday, May 1st. Guggenheim downgraded American Electric Power from a "buy" rating to a "neutral" rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. Barclays lifted their price objective on American Electric Power from $84.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Scotiabank increased their target price on American Electric Power from $86.00 to $90.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $88.14.
View Our Latest Research Report on American Electric Power
About American Electric Power
(
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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