American Electric Power (NASDAQ:AEP) Hits New 12-Month High at $91.57

American Electric Power Company, Inc. (NASDAQ:AEP) hit a new 52-week high during trading on Thursday . The company traded as high as $91.57 and last traded at $91.26, with a volume of 64341 shares changing hands. The stock had previously closed at $90.29.

A number of equities research analysts recently commented on the company. Mizuho dropped their target price on American Electric Power from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, October 27th. Morgan Stanley upped their target price on American Electric Power from $105.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $95.81.

The company has a 50 day moving average of $85.66 and a 200 day moving average of $86.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.48 and a current ratio of 0.58. The stock has a market capitalization of $45.82 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 3.23 and a beta of 0.37.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 27th. The company reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.30 billion. American Electric Power had a net margin of 14.61% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post 4.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Wednesday, November 10th were issued a $0.78 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, November 9th. American Electric Power’s dividend payout ratio is presently 65.14%.

In other news, CEO Nicholas K. Akins sold 2,100 shares of the stock in a transaction on Monday, November 1st. The stock was sold at an average price of $84.64, for a total transaction of $177,744.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 6,300 shares of company stock valued at $535,017. 0.14% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in American Electric Power by 12.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 91,911 shares of the company’s stock valued at $7,783,000 after purchasing an additional 10,525 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in American Electric Power in the 2nd quarter valued at about $493,000. Atria Investments LLC raised its position in American Electric Power by 17.6% in the 2nd quarter. Atria Investments LLC now owns 29,752 shares of the company’s stock valued at $2,517,000 after purchasing an additional 4,458 shares in the last quarter. Van ECK Associates Corp raised its position in American Electric Power by 11.5% in the 2nd quarter. Van ECK Associates Corp now owns 77,436 shares of the company’s stock valued at $6,550,000 after purchasing an additional 8,003 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in American Electric Power by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 112,532 shares of the company’s stock valued at $9,519,000 after purchasing an additional 2,763 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

American Electric Power Company Profile (NASDAQ:AEP)

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.

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