American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559,967 shares of the company’s stock after acquiring an additional 156,563 shares during the quarter. Sei Investments Co. owned approximately 0.11% of American Electric Power worth $51,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. State Street Corp grew 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 purchasing an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC grew 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 worth $1,280,655,000 after buying an additional 352,588 shares during the last quarter. FMR LLC increased its position in American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after buying an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in American Electric Power by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock valued at $427,009,000 after buying an additional 100,578 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American Electric Power by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock valued at $354,551,000 after acquiring an additional 84,704 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEP. Morgan Stanley increased their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday. 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 note on Thursday, December 12th. Barclays reduced their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Bank of America raised their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.92.

American Electric Power Stock Performance

NASDAQ:AEP opened at $105.11 on Monday. The company has a 50-day moving average of $101.89 and a 200-day moving average of $99.04. The firm has a market cap of $56.10 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

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

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is 66.43%.

American Electric Power Company 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.