New Age Alpha Advisors LLC Purchases 20,222 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

New Age Alpha Advisors LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5,005.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,626 shares of the company’s stock after acquiring an additional 20,222 shares during the quarter. New Age Alpha Advisors LLC’s holdings in American Electric Power were worth $1,902,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of American Electric Power during the 4th quarter valued at $220,983,000. Janus Henderson Group PLC increased its stake in 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 valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. 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 purchasing an additional 1,114,954 shares during the period. Zacks Investment Management bought a new position in shares of American Electric Power during the 3rd quarter worth about $80,207,000. Finally, Vanguard Group Inc. grew its stake in shares of American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after buying an additional 763,813 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP stock opened at $106.96 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The firm has a market cap of $57.08 billion, a PE ratio of 19.10, a P/E/G ratio of 2.97 and a beta of 0.50. The business has a 50 day moving average of $102.78 and a 200-day moving average of $99.10. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52.

American Electric Power (NASDAQ:AEP) last announced 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 period in the prior year, the firm posted $1.23 earnings per share. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Analyst Ratings Changes

A number of equities research analysts have commented on AEP shares. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reissued 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. Bank of America upped their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price 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 given a hold rating and five have given a buy rating to the company. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $100.77.

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.