Alberta Investment Management Corp Acquires 25,227 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Alberta Investment Management Corp boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 52.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,748 shares of the company’s stock after purchasing an additional 25,227 shares during the quarter. Alberta Investment Management Corp’s holdings in American Electric Power were worth $6,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power in the third quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power in the fourth quarter valued at $35,000. Kestra Investment Management LLC purchased a new position in shares of American Electric Power in the fourth quarter valued at $35,000. Finally, Reston Wealth Management LLC purchased a new position in shares of American Electric Power in the third quarter valued at $48,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 0.9 %

NASDAQ:AEP opened at $103.09 on Thursday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $105.18. The company has a market cap of $54.97 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.88 and a beta of 0.58. The stock has a fifty day simple moving average of $96.03 and a 200-day simple moving average of $97.99. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.61%. American Electric Power’s payout ratio is currently 66.43%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group lifted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $98.00.

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.