Quantinno Capital Management LP Grows Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Quantinno Capital Management LP raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 59.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,915 shares of the company's stock after buying an additional 42,115 shares during the quarter. Quantinno Capital Management LP's holdings in American Electric Power were worth $10,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ purchased a new position in American Electric Power during the fourth 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. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the fourth quarter worth about $35,000. Kestra Investment Management LLC bought a new position in shares of American Electric Power in the fourth quarter worth approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of American Electric Power in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of research reports. BMO Capital Markets boosted their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Barclays raised their price target on 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. Guggenheim lifted their price target on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup increased their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $105.77.

American Electric Power Stock Performance

AEP stock traded up $1.43 during midday trading on Friday, reaching $103.04. 2,867,283 shares of the company's stock traded hands, compared to its average volume of 3,205,441. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52-week low of $85.93 and a 52-week high of $110.48. The stock has a market cap of $55.04 billion, a P/E ratio of 18.40, a PEG ratio of 2.97 and a beta of 0.45. The stock's 50-day moving average is $105.28 and its 200 day moving average is $100.34.

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, topping the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates 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 was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

American Electric Power Company Profile

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.