Next Capital Management LLC Buys New Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Next Capital Management LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) in the fourth quarter, Holdings Channel reports. The fund bought 4,220 shares of the company’s stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares in the last quarter. State Street Corp boosted its position in shares of American Electric Power by 0.3% during the 2nd quarter. State Street Corp now owns 27,146,446 shares of the company’s stock valued at $2,285,731,000 after purchasing an additional 86,801 shares in the last quarter. Morgan Stanley boosted its position in shares of American Electric Power by 4.1% during the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after purchasing an additional 587,145 shares in the last quarter. Invesco Ltd. lifted its stake in American Electric Power by 13.7% during the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after buying an additional 1,181,706 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock valued at $580,308,000 after buying an additional 374,300 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.5 %

NASDAQ:AEP opened at $86.10 on Friday. The stock’s 50 day moving average price is $81.25 and its 200 day moving average price is $79.43. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $96.05. The company has a market capitalization of $45.34 billion, a P/E ratio of 20.26, a P/E/G ratio of 3.00 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were issued a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. American Electric Power’s dividend payout ratio is currently 82.82%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research note on Monday, January 22nd. Barclays reaffirmed an “equal weight” rating and set a $83.00 price objective (down from $84.00) on shares of American Electric Power in a research note on Wednesday, February 28th. BMO Capital Markets upped their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note on Thursday, January 11th. Finally, UBS Group lowered shares of 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average target price of $87.08.

Check Out Our Latest Stock 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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