Peoples Bank KS increased its position in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,887 shares of the company’s stock after acquiring an additional 500 shares during the period. Peoples Bank KS’s holdings in American Electric Power were worth $358,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after buying an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC raised its stake in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock valued at $1,280,655,000 after acquiring an additional 352,588 shares in the last quarter. FMR LLC boosted its position in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock worth $466,191,000 after purchasing an additional 341,846 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Price Performance
AEP stock opened at $90.47 on Wednesday. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The firm has a 50-day moving average of $95.02 and a two-hundred day moving average of $96.58. The firm has a market capitalization of $48.14 billion, a PE ratio of 18.13, a P/E/G ratio of 2.70 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.
American Electric Power Increases Dividend
Analysts Set New Price Targets
AEP has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. UBS Group upped their price target 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. Wells Fargo & Company decreased their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. BMO Capital Markets boosted their target price on American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.13.
Read Our Latest Stock Analysis on American Electric Power
American Electric Power 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.
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