American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 32.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 70,969 shares of the company’s stock after acquiring an additional 17,185 shares during the quarter. NEOS Investment Management LLC’s holdings in American Electric Power were worth $6,545,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AEP. Elo Mutual Pension Insurance Co purchased a new stake in shares of American Electric Power in the 4th quarter valued at $3,682,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Electric Power by 8.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 879,435 shares of the company’s stock valued at $80,952,000 after purchasing an additional 70,047 shares during the period. Graney & King LLC purchased a new stake in American Electric Power in the fourth quarter valued at $58,000. Ausdal Financial Partners Inc. grew its position in American Electric Power by 5.6% during the 4th quarter. Ausdal Financial Partners Inc. now owns 3,269 shares of the company’s stock worth $301,000 after purchasing an additional 172 shares during the period. Finally, TrueMark Investments LLC grew its position in American Electric Power by 8.9% during the 4th quarter. TrueMark Investments LLC now owns 42,770 shares of the company’s stock worth $3,945,000 after purchasing an additional 3,488 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AEP shares. BMO Capital Markets upped their target price on American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America raised their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Morgan Stanley boosted their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.77.

American Electric Power Trading Up 1.2 %

Shares of American Electric Power stock opened at $105.15 on Friday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52. The firm’s 50-day moving average price is $102.58 and its 200 day moving average price is $99.13. 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 firm has a market capitalization of $56.12 billion, a PE ratio of 18.78, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period last year, the firm earned $1.23 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

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.