American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,089 shares of the company’s stock after purchasing an additional 750 shares during the period. Maryland State Retirement & Pension System’s holdings in American Electric Power were worth $3,256,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Brown Advisory Inc. lifted its position in shares of American Electric Power by 12.3% during the 3rd quarter. Brown Advisory Inc. now owns 22,058 shares of the company’s stock worth $1,659,000 after buying an additional 2,415 shares during the period. Lindbrook Capital LLC lifted its stake in shares of American Electric Power by 41.2% during the third quarter. Lindbrook Capital LLC now owns 2,962 shares of the company’s stock valued at $223,000 after acquiring an additional 864 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Electric Power by 4.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,995 shares of the company’s stock valued at $9,176,000 after acquiring an additional 5,570 shares during the last quarter. Baystate Wealth Management LLC increased its position in American Electric Power by 68,800.0% in the third quarter. Baystate Wealth Management LLC now owns 2,067 shares of the company’s stock worth $156,000 after purchasing an additional 2,064 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in American Electric Power by 3.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 168,317 shares of the company’s stock worth $12,661,000 after purchasing an additional 5,321 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEP. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Wells Fargo & Company lifted their price objective on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, January 11th. LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Finally, StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.14.

American Electric Power Trading Up 1.2 %

NASDAQ:AEP traded up $1.06 during mid-day trading on Tuesday, hitting $89.87. 3,313,484 shares of the company’s stock were exchanged, compared to its average volume of 3,738,601. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $92.88. The company has a 50 day simple moving average of $84.10 and a 200-day simple moving average of $80.94. The firm has a market capitalization of $47.37 billion, a P/E ratio of 16.56, a PEG ratio of 2.74 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $1.11 EPS. American Electric Power’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 65.31%.

American Electric Power Company 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.