American Electric Power (NASDAQ:AEP) Reaches New 52-Week High at $91.57

American Electric Power Company, Inc. (NASDAQ:AEP) shares reached a new 52-week high on Thursday . The stock traded as high as $91.57 and last traded at $91.26, with a volume of 64341 shares traded. The stock had previously closed at $90.29.

AEP has been the subject of several research reports. Mizuho reduced their price objective on American Electric Power from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, October 27th. Morgan Stanley raised their price objective on American Electric Power from $105.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $95.81.

The stock has a fifty day moving average price of $85.66 and a 200-day moving average price of $86.10. The company has a market cap of $45.82 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.23 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.58 and a quick ratio of 0.48.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.03). American Electric Power had a return on equity of 10.72% and a net margin of 14.61%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. American Electric Power’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 4.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Wednesday, November 10th were given a $0.78 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Tuesday, November 9th. American Electric Power’s dividend payout ratio (DPR) is currently 65.14%.

In related news, CEO Nicholas K. Akins sold 2,100 shares of American Electric Power stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $81.50, for a total transaction of $171,150.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 6,300 shares of company stock worth $535,017. 0.14% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of American Electric Power by 0.9% in the second quarter. Vanguard Group Inc. now owns 41,511,648 shares of the company’s stock valued at $3,511,470,000 after acquiring an additional 390,025 shares during the last quarter. BlackRock Inc. raised its position in American Electric Power by 4.1% in the 3rd quarter. BlackRock Inc. now owns 39,550,514 shares of the company’s stock worth $3,210,708,000 after purchasing an additional 1,569,233 shares during the last quarter. State Street Corp raised its position in American Electric Power by 0.6% in the 2nd quarter. State Street Corp now owns 24,396,878 shares of the company’s stock worth $2,063,732,000 after purchasing an additional 134,827 shares during the last quarter. Wellington Management Group LLP raised its position in American Electric Power by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 15,398,310 shares of the company’s stock worth $1,250,036,000 after purchasing an additional 1,430,681 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in American Electric Power by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 13,347,345 shares of the company’s stock worth $1,083,540,000 after acquiring an additional 303,065 shares during the period. Institutional investors own 72.92% of the company’s stock.

American Electric Power Company Profile (NASDAQ:AEP)

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.

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