GW Henssler & Associates Ltd. reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,638 shares of the company’s stock after selling 4,571 shares during the period. American Electric Power makes up approximately 1.7% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 9th largest position. GW Henssler & Associates Ltd. owned about 0.06% of American Electric Power worth $35,128,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its position in shares of American Electric Power by 3.9% in the fourth quarter. Czech National Bank now owns 141,141 shares of the company’s stock valued at $16,275,000 after purchasing an additional 5,314 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of American Electric Power by 2.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 293,033 shares of the company’s stock valued at $33,869,000 after purchasing an additional 8,302 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of American Electric Power by 983.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 63,875 shares of the company’s stock valued at $7,365,000 after purchasing an additional 57,977 shares during the last quarter. GF Fund Management CO. LTD. grew its position in shares of American Electric Power by 7.4% in the fourth quarter. GF Fund Management CO. LTD. now owns 114,224 shares of the company’s stock valued at $13,171,000 after purchasing an additional 7,833 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in shares of American Electric Power by 17.7% in the fourth quarter. Merit Financial Group LLC now owns 63,526 shares of the company’s stock valued at $7,325,000 after purchasing an additional 9,532 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.
American Electric Power Stock Performance
NASDAQ:AEP opened at $123.79 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.42. The company has a market cap of $67.35 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.53 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $100.72 and a fifty-two week high of $139.44. The firm’s 50 day moving average is $131.53 and its two-hundred day moving average is $125.32.
American Electric Power Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.
Analysts Set New Price Targets
Several research firms have recently commented on AEP. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday, February 13th. Raymond James Financial reiterated an “outperform” rating and issued a $144.00 price target on shares of American Electric Power in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Citigroup increased their price target on shares of American Electric Power from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, TD Cowen increased their price target on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and an average price target of $141.10.
Check Out Our Latest Analysis on American Electric Power
American Electric Power Company Profile
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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