Syon Capital LLC Invests $358,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Syon Capital LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,413 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Apella Capital LLC bought a new position in American Electric Power during the fourth quarter worth about $348,000. Rockline Wealth Management LLC bought a new stake in American Electric Power in the fourth quarter valued at $1,982,000. Nisa Investment Advisors LLC raised its stake in American Electric Power by 28.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after acquiring an additional 11,065 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of American Electric Power by 1,592.1% during the fourth quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after acquiring an additional 389,675 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of American Electric Power by 26.0% during the third quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock valued at $190,432,000 after acquiring an additional 522,608 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $85.26 on Friday. The company has a market capitalization of $44.90 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.07 and a beta of 0.51. The firm’s 50 day simple moving average is $83.53 and its 200 day simple moving average is $80.46. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $93.56.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Thursday, January 11th. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the company from $75.50 to $73.00 in a research report on Friday, March 8th. Finally, Barclays raised their target price on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $86.08.

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.