American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by SRS Capital Advisors Inc.
SRS Capital Advisors Inc. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 435.1% in Q4, owning 7,186 shares valued at $663,000. Other investors like Janus Henderson and State Street also boosted their stakes. AEP's stock opened at $106.05, with a market cap of $56.55 billion. The company reported $1.24 EPS, matching estimates, and declared a quarterly dividend of $0.93. Analysts have mixed ratings on AEP, with price targets ranging from $95 to $102.
SRS Capital Advisors Inc. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 435.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,186 shares of the company's stock after purchasing an additional 5,843 shares during the period. SRS Capital Advisors Inc.'s holdings in American Electric Power were worth $663,000 at the end of the most recent reporting period.
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Several other large investors have also recently added to or reduced their stakes in AEP. Janus Henderson Group PLC boosted its stake in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after buying an additional 1,962,125 shares during the period. State Street Corp raised its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares in the last quarter. FMR LLC lifted its stake in American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Zacks Investment Management acquired a new position in American Electric Power during the 3rd quarter worth approximately $80,207,000. Finally, JPMorgan Chase & Co. grew its holdings in American Electric Power by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock worth $315,498,000 after acquiring an additional 738,756 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Price Performance
AEP stock opened at $106.05 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $56.55 billion, a P/E ratio of 18.94, a PEG ratio of 2.97 and a beta of 0.58. The business has a 50 day simple moving average of $97.98 and a 200-day simple moving average of $98.38. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $107.84.
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American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.
Wall Street Analysts Forecast Growth
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Several equities research analysts have recently issued reports on AEP shares. Wells Fargo & Company decreased their price objective on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Barclays cut their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. Finally, UBS Group upped their price target on American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $98.46.
View Our Latest Analysis on AEP
American Electric Power 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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