Vident Investment Advisory LLC raised its holdings in American Electric Power (NYSE:AEP) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,281 shares of the utilities provider’s stock after acquiring an additional 4,259 shares during the quarter. Vident Investment Advisory LLC’s holdings in American Electric Power were worth $3,479,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. Chicago Partners Investment Group LLC acquired a new stake in American Electric Power in the third quarter worth $113,000. Icon Wealth Partners LLC bought a new position in shares of American Electric Power in the fourth quarter valued at $117,000. Bank of Nova Scotia Trust Co. bought a new position in shares of American Electric Power in the third quarter valued at $140,000. Gradient Investments LLC bought a new position in shares of American Electric Power in the fourth quarter valued at $167,000. Finally, Global Trust Asset Management LLC bought a new position in shares of American Electric Power in the fourth quarter valued at $182,000. Hedge funds and other institutional investors own 71.71% of the company’s stock.
A number of research analysts recently weighed in on AEP shares. ValuEngine lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. SunTrust Banks set a $76.00 price target on shares of American Electric Power and gave the company a “buy” rating in a research report on Monday, March 19th. Deutsche Bank upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.25 to $75.00 in a report on Thursday, January 18th. Mizuho upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $74.43.
NYSE:AEP traded down $0.41 during midday trading on Friday, reaching $68.53. 2,307,493 shares of the stock traded hands, compared to its average volume of 2,941,030. American Electric Power has a 12 month low of $63.32 and a 12 month high of $78.07. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $33,717.17, a P/E ratio of 18.62, a P/E/G ratio of 3.27 and a beta of 0.17.
American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.04. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.92 billion. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. analysts anticipate that American Electric Power will post 3.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s dividend payout ratio is presently 67.39%.
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American Electric Power 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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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