Caprock Group LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,921 shares of the company’s stock after purchasing an additional 670 shares during the period. Caprock Group LLC’s holdings in American Electric Power were worth $731,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in American Electric Power in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the third quarter worth approximately $33,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power in the third quarter valued at approximately $48,000. Decker Retirement Planning Inc. bought a new position in shares of American Electric Power during the fourth quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in American Electric Power during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
Wall Street Analysts Forecast Growth
AEP has been the topic of several recent research reports. UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating 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 research report on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. BMO Capital Markets lowered their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $98.00.
American Electric Power Stock Performance
American Electric Power stock opened at $99.36 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $52.87 billion, a PE ratio of 19.91, a P/E/G ratio of 2.79 and a beta of 0.56. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The business’s 50-day moving average price is $95.11 and its two-hundred day moving average price is $97.60.
American Electric Power Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.74%. The ex-dividend date is Monday, February 10th. 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.
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