NorthRock Partners LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,596 shares of the company's stock, valued at approximately $424,000.
Other large investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power in the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at about $32,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at about $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power during the 4th quarter valued at about $35,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of American Electric Power during the 4th quarter valued at about $38,000. Institutional investors own 75.24% of the company's stock.
American Electric Power Stock Performance
American Electric Power stock traded down $0.05 during mid-day trading on Tuesday, reaching $103.73. 2,408,208 shares of the stock traded hands, compared to its average volume of 3,197,104. The stock has a market capitalization of $55.41 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The business's 50-day moving average is $105.30 and its 200-day moving average is $100.39.
American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. The company 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 for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. As a group, 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 business also recently declared 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 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's payout ratio is 71.68%.
Wall Street Analyst Weigh In
AEP has been the topic of a number of research reports. Morgan Stanley set a $114.00 price objective on American Electric Power and gave the company an "overweight" rating in a report on Wednesday, April 23rd. BMO Capital Markets lifted their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Bank of America lifted their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Guggenheim lifted their price objective on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Citigroup lifted their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $105.77.
Read Our Latest Stock Analysis on American Electric Power
Insiders Place Their Bets
In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 9,658 shares in the company, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.07% of the company's stock.
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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