Vectors Research Management LLC Has $2.06 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Vectors Research Management LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 21.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,373 shares of the company’s stock after buying an additional 3,972 shares during the quarter. Vectors Research Management LLC’s holdings in American Electric Power were worth $2,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new stake in American Electric Power during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new position in American Electric Power during the fourth quarter worth about $35,000. Finally, Lee Danner & Bass Inc. acquired a new position in American Electric Power in the fourth quarter valued at about $38,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America boosted their price objective 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. 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 research report on Thursday, March 20th. BMO Capital Markets boosted their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $100.77.

American Electric Power Stock Performance

AEP opened at $107.71 on Monday. The business’s 50-day simple moving average is $104.88 and its 200 day simple moving average is $99.46. American Electric Power Company, Inc. has a 52-week low of $83.68 and a 52-week high of $110.48. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The firm has a market capitalization of $57.48 billion, a PE ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS 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 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 fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid 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 3.45%. American Electric Power’s dividend 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.