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

Versor Investments LP raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 59.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,844 shares of the company’s stock after buying an additional 7,387 shares during the quarter. Versor Investments LP’s holdings in American Electric Power were worth $1,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $149,000. Oppenheimer Asset Management Inc. raised its position in shares of American Electric Power by 26.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 33,743 shares of the company’s stock worth $3,112,000 after purchasing an additional 7,066 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in 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 worth $8,476,000 after buying an additional 2,400 shares during the period. New York Life Investment Management LLC raised its holdings in shares of American Electric Power by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 71,568 shares of the company’s stock worth $6,601,000 after acquiring an additional 613 shares during the period. Finally, Simmons Bank lifted its holdings in shares of American Electric Power by 1.3% in the fourth quarter. Simmons Bank now owns 71,006 shares of the company’s stock valued at $6,549,000 after purchasing an additional 924 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AEP shares. UBS Group upped their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets reduced their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Trading Down 0.7 %

Shares of American Electric Power stock opened at $106.89 on Thursday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $107.84. The company has a market capitalization of $56.99 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.97 and a beta of 0.58. The business has a fifty day simple moving average of $97.43 and a two-hundred day simple moving average of $98.26. 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 posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) 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 firm posted $1.23 earnings per share. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

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.