American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Increased by Employees Retirement System of Texas

Employees Retirement System of Texas lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,234 shares of the company’s stock after purchasing an additional 10,945 shares during the quarter. Employees Retirement System of Texas’ holdings in American Electric Power were worth $101,670,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Corp raised its position in shares of American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares in the last quarter. PSI Advisors LLC increased its stake in shares of American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after acquiring an additional 107 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after purchasing an additional 112 shares during the period. Albion Financial Group UT boosted its stake in American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after purchasing an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after purchasing an additional 112 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $100.77.

American Electric Power Price Performance

Shares of AEP opened at $104.48 on Monday. The business’s 50-day moving average is $103.79 and its 200-day moving average is $99.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market capitalization of $55.76 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $110.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the firm posted $1.23 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is currently 66.43%.

About American Electric Power

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.