Czech National Bank lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,941 shares of the company’s stock after acquiring an additional 405 shares during the period. Czech National Bank’s holdings in American Electric Power were worth $5,131,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in American Electric Power during the 1st quarter valued at approximately $27,000. AXS Investments LLC bought a new position in shares of American Electric Power during the 4th quarter valued at approximately $27,000. Dark Forest Capital Management LP grew its holdings in shares of American Electric Power by 91.9% in the fourth quarter. Dark Forest Capital Management LP now owns 284 shares of the company’s stock valued at $27,000 after purchasing an additional 136 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of American Electric Power in the fourth quarter valued at $28,000. Finally, Horizon Bancorp Inc. IN increased its position in American Electric Power by 66.7% in the first quarter. Horizon Bancorp Inc. IN now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 74.68% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of American Electric Power from $103.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, June 30th. Morgan Stanley lowered their price target on shares of American Electric Power from $101.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. UBS Group cut American Electric Power from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $92.00 in a research note on Tuesday, June 6th. Barclays initiated coverage on American Electric Power in a research note on Wednesday, August 23rd. They issued an “overweight” rating and a $88.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus price target of $94.97.
American Electric Power Trading Down 0.7 %
NASDAQ AEP opened at $80.04 on Friday. American Electric Power Company, Inc. has a 12 month low of $75.47 and a 12 month high of $101.15. The company’s 50-day moving average price is $81.65 and its 200-day moving average price is $85.83. The stock has a market cap of $41.23 billion, a PE ratio of 20.74, a PEG ratio of 2.69 and a beta of 0.46. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 1.52.
American Electric Power (NASDAQ:AEP – Get Free Report) last issued its earnings results on Thursday, July 27th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.70 billion. American Electric Power had a return on equity of 10.44% and a net margin of 10.20%. American Electric Power’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.26 earnings per share for the current year.
American Electric Power Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 86.01%.
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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
- Five stocks we like better than American Electric Power
- Investing In Automotive Stocks
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- Airline Stocks – Top Airline Stocks to Buy Now
- MarketBeat Week in Review – 9/11 – 9/15
- How to Find Undervalued Stocks
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
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.