Avidian Wealth Enterprises LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,036 shares of the company’s stock, valued at approximately $372,000.
A number of other hedge funds also recently added to or reduced their stakes in AEP. Magnus Financial Group LLC purchased a new stake in shares of American Electric Power during the third quarter valued at about $225,000. First United Bank & Trust lifted its position in shares of American Electric Power by 17.1% during the third quarter. First United Bank & Trust now owns 766 shares of the company’s stock valued at $79,000 after buying an additional 112 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of American Electric Power by 3.1% during the third quarter. Sumitomo Life Insurance Co. now owns 8,737 shares of the company’s stock valued at $896,000 after buying an additional 262 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its position in shares of American Electric Power by 3.0% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 15,981 shares of the company’s stock valued at $1,640,000 after buying an additional 471 shares during the last quarter. Finally, Bfsg LLC lifted its position in shares of American Electric Power by 450.7% during the third quarter. Bfsg LLC now owns 11,863 shares of the company’s stock valued at $1,217,000 after buying an additional 9,709 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on AEP shares. Morgan Stanley decreased their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets decreased their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Barclays decreased their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.00.
American Electric Power Price Performance
Shares of NASDAQ:AEP opened at $100.99 on Friday. American Electric Power Company, Inc. has a twelve month low of $78.07 and a twelve month high of $105.18. The company’s 50 day moving average is $95.38 and its 200 day moving average is $97.90. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The company has a market cap of $53.74 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. During the same quarter in the previous year, the business posted $1.23 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.68%. American Electric Power’s payout ratio is 74.55%.
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.
See Also
- Five stocks we like better than American Electric Power
- How to Invest in Small Cap Stocks
- Upstart’s Uptrend Is Just Getting Started: Its Time to Load Up
- How to Read Stock Charts for Beginners
- Archer Aviation Lands BlackRock Investment—What’s Next for ACHR?
- Top Stocks Investing in 5G Technology
- Buffett Buys More Occidental Petroleum—Sticking to His Playbook
Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEP – Free Report).
Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.