Nissay Asset Management Corp Japan ADV Has $10.97 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Nissay Asset Management Corp Japan ADV grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,566 shares of the company's stock after buying an additional 5,323 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in American Electric Power were worth $10,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SouthState Corp increased its stake in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after buying an additional 102 shares during the period. Dark Forest Capital Management LP grew its stake in American Electric Power by 2.3% during the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock worth $418,000 after purchasing an additional 103 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock worth $286,000 after purchasing an additional 112 shares in the last quarter. Albion Financial Group UT increased its holdings in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock worth $1,119,000 after purchasing an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock worth $103,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AEP shares. BMO Capital Markets lifted their target price 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 target price on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Citigroup lifted their target price on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company lifted their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $105.77.

American Electric Power Trading Down 1.0%

NASDAQ AEP opened at $98.59 on Thursday. The company has a market cap of $52.67 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The business has a 50 day moving average price of $105.42 and a 200-day moving average price of $100.26. 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 (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion for 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.72 annualized dividend and a dividend yield of 3.77%. American Electric Power's payout ratio is 71.68%.

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.

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