KBC Group NV lessened its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,167 shares of the utilities provider’s stock after selling 12,878 shares during the quarter. KBC Group NV’s holdings in American Electric Power were worth $3,470,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Swiss National Bank raised its position in American Electric Power by 11.8% during the fourth quarter. Swiss National Bank now owns 2,143,989 shares of the utilities provider’s stock valued at $157,733,000 after acquiring an additional 226,700 shares in the last quarter. Cognios Capital LLC grew its holdings in American Electric Power by 8.2% during the fourth quarter. Cognios Capital LLC now owns 29,622 shares of the utilities provider’s stock valued at $2,178,000 after purchasing an additional 2,255 shares during the last quarter. California Public Employees Retirement System grew its holdings in American Electric Power by 2.7% during the fourth quarter. California Public Employees Retirement System now owns 1,268,351 shares of the utilities provider’s stock valued at $93,313,000 after purchasing an additional 33,938 shares during the last quarter. M&T Bank Corp grew its holdings in American Electric Power by 2.1% during the fourth quarter. M&T Bank Corp now owns 713,268 shares of the utilities provider’s stock valued at $52,474,000 after purchasing an additional 14,541 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new position in American Electric Power during the fourth quarter valued at approximately $956,000. 70.47% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on AEP. Morgan Stanley lowered their price target on American Electric Power from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. SunTrust Banks set a $75.00 price target on American Electric Power and gave the company a “buy” rating in a report on Monday, February 12th. UBS Group began coverage on American Electric Power in a report on Friday, February 2nd. They set a “buy” rating and a $76.00 price target on the stock. Finally, Macquarie upgraded American Electric Power from a “neutral” rating to an “outperform” rating and increased their price target for the company from $75.00 to $76.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.36.
Shares of American Electric Power Company Inc (AEP) opened at $67.26 on Monday. The stock has a market cap of $33,084.21, a price-to-earnings ratio of 18.38, a PEG ratio of 3.21 and a beta of 0.18. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.49 and a quick ratio of 0.43. American Electric Power Company Inc has a 52 week low of $63.32 and a 52 week high of $78.07.
American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.92 billion. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. American Electric Power’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. research analysts expect that American Electric Power Company Inc will post 3.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.48 annualized dividend and a dividend yield of 3.69%. American Electric Power’s payout ratio is 64.08%.
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American Electric Power Profile
American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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