American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Horizon Investments LLC

Horizon Investments LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,962 shares of the company’s stock after acquiring an additional 191 shares during the quarter. Horizon Investments LLC’s holdings in American Electric Power were worth $910,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in American Electric Power during the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power in the third quarter valued at approximately $33,000. Fairway Wealth LLC purchased a new position in American Electric Power in the fourth quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC acquired a new stake in American Electric Power during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1 %

American Electric Power stock opened at $105.84 on Thursday. The firm has a market capitalization of $56.44 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The stock’s fifty day moving average is $101.38 and its two-hundred day moving average is $99.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the firm earned $1.23 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AEP shares. Barclays dropped their target price on shares of 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. Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.23.

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.