Deutsche Bank AG Buys 139,138 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Deutsche Bank AG raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 16.2% in the fourth quarter, Holdings Channel reports. The firm owned 998,845 shares of the company’s stock after acquiring an additional 139,138 shares during the quarter. Deutsche Bank AG’s holdings in American Electric Power were worth $92,123,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in American Electric Power in the fourth quarter worth approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new stake in American Electric Power during the 4th quarter valued at $35,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of American Electric Power in the fourth quarter worth $38,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Morgan Stanley set a $114.00 target price on American Electric Power and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Guggenheim increased their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. BMO Capital Markets increased their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Finally, Citigroup boosted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.77.

American Electric Power Price Performance

NASDAQ:AEP opened at $104.68 on Monday. The business’s 50-day simple moving average is $105.65 and its two-hundred day simple moving average is $100.26. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The stock has a market cap 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 quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last released its 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 return on equity of 11.27% and a net margin of 15.08%. The firm had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

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 given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power’s payout ratio is currently 71.68%.

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.