American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 188,746 shares of the company’s stock after buying an additional 13,344 shares during the period. Cetera Investment Advisers’ holdings in American Electric Power were worth $17,408,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SouthState Corp increased its position in shares of American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after purchasing an additional 102 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock valued at $418,000 after buying an additional 103 shares during the last quarter. PSI Advisors LLC lifted its stake in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after acquiring an additional 112 shares during the last quarter. Finally, Albion Financial Group UT grew its stake in American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

AEP stock opened at $104.68 on Friday. The business’s fifty day moving average price is $105.65 and its 200 day moving average price is $100.26. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The company has a market capitalization of $55.92 billion, a PE ratio of 18.69, a P/E/G ratio of 2.97 and a beta of 0.45. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, May 9th. American Electric Power’s payout ratio is currently 71.68%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Guggenheim boosted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays upped their target price on American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Bank of America boosted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Citigroup increased their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.77.

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.