Czech National Bank Has $13.38 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Czech National Bank grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,464 shares of the company’s stock after purchasing an additional 6,993 shares during the quarter. Czech National Bank’s holdings in American Electric Power were worth $13,382,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its stake in American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after buying an additional 3,288 shares during the period. Capital Insight Partners LLC acquired a new stake in American Electric Power during the 4th quarter worth $714,000. Avantra Family Wealth Inc. acquired a new stake in American Electric Power during the 4th quarter worth $458,000. JPMorgan Chase & Co. raised its stake in American Electric Power by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock worth $315,498,000 after buying an additional 738,756 shares during the period. Finally, W.H. Cornerstone Investments Inc. raised its stake in American Electric Power by 89.7% during the 4th quarter. W.H. Cornerstone Investments Inc. now owns 6,398 shares of the company’s stock worth $590,000 after buying an additional 3,026 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $103.15 on Monday. The stock has a market capitalization of $55.10 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.97 and a beta of 0.45. The business has a 50-day moving average of $104.88 and a 200-day moving average of $100.83. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a fifty-two week low of $85.93 and a fifty-two week high of $110.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly 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 net margin of 15.08% and a return on equity of 11.27%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, May 9th. American Electric Power’s payout ratio is currently 71.68%.

Insider Transactions at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the sale, the executive vice president now owns 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AEP shares. Wells Fargo & Company raised their price objective on American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Barclays raised their price objective on American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on American Electric Power from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Guggenheim increased their target price on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $105.69.

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.