Ninepoint Partners LP Buys 2,848 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Ninepoint Partners LP grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 27.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,204 shares of the company’s stock after acquiring an additional 2,848 shares during the quarter. Ninepoint Partners LP’s holdings in American Electric Power were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. one8zero8 LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $406,000. Choate Investment Advisors bought a new stake in shares of American Electric Power during the 4th quarter worth $419,000. Frank Rimerman Advisors LLC lifted its position in shares of American Electric Power by 6.4% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,283 shares of the company’s stock worth $764,000 after buying an additional 498 shares during the last quarter. HMV Wealth Advisors LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $860,000. Finally, First National Trust Co lifted its position in shares of American Electric Power by 2.7% during the 4th quarter. First National Trust Co now owns 89,559 shares of the company’s stock worth $8,260,000 after buying an additional 2,375 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 1.3 %

Shares of AEP stock opened at $105.56 on Friday. The stock has a market cap of $56.29 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.97 and a beta of 0.50. The stock has a 50-day moving average of $100.49 and a 200-day moving average of $98.87. 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 1-year low of $79.16 and a 1-year high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results 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 return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the business earned $1.23 earnings per share. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.52%. American Electric Power’s payout ratio is 66.43%.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. Barclays dropped 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. BMO Capital Markets dropped their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $98.46.

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.