Versor Investments LP Has $1.83 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Versor Investments LP increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 59.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,844 shares of the company’s stock after acquiring an additional 7,387 shares during the period. Versor Investments LP’s holdings in American Electric Power were worth $1,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in American Electric Power in the fourth quarter worth approximately $149,000. Oppenheimer Asset Management Inc. boosted its stake in shares of American Electric Power by 26.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,743 shares of the company’s stock worth $3,112,000 after acquiring an additional 7,066 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of American Electric Power by 2.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 91,900 shares of the company’s stock valued at $8,476,000 after acquiring an additional 2,400 shares during the last quarter. New York Life Investment Management LLC raised its stake in shares of American Electric Power by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 71,568 shares of the company’s stock valued at $6,601,000 after acquiring an additional 613 shares in the last quarter. Finally, Simmons Bank boosted its position in American Electric Power by 1.3% during the fourth quarter. Simmons Bank now owns 71,006 shares of the company’s stock worth $6,549,000 after purchasing an additional 924 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $106.89 on Thursday. The business has a 50 day simple moving average of $97.43 and a 200 day simple moving average of $98.26. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $107.84. The company has a market capitalization of $56.99 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.48%. American Electric Power’s dividend payout ratio is 66.43%.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI dropped their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.00.

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.