Pacer Advisors Inc. Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Pacer Advisors Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 33.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,632 shares of the company’s stock after buying an additional 24,260 shares during the quarter. Pacer Advisors Inc.’s holdings in American Electric Power were worth $7,848,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AEP. Fairfield Bush & CO. purchased a new position in shares of American Electric Power during the first quarter worth $40,000. Westwood Holdings Group Inc. purchased a new position in American Electric Power during the 1st quarter valued at about $211,000. Cibc World Market Inc. grew its position in American Electric Power by 13.1% in the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock valued at $3,074,000 after acquiring an additional 3,558 shares in the last quarter. Sei Investments Co. increased its stake in American Electric Power by 17.7% during the first quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock worth $20,569,000 after purchasing an additional 30,836 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of American Electric Power by 1.6% in the first quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock valued at $3,643,000 after purchasing an additional 577 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 2.8 %

NASDAQ AEP opened at $84.80 on Thursday. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $96.05. The firm has a 50-day moving average price of $80.93 and a 200 day moving average price of $79.31. The stock has a market capitalization of $44.65 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.93 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49.

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

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.15%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $86.00 to $83.00 in a research note on Monday, March 11th. BMO Capital Markets boosted their price objective on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Mizuho downgraded 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. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.08.

Get Our Latest Analysis on American Electric Power

About American Electric Power

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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