3 days Ago By ABMN Staff
Oppenheimer & Co. Inc. increased its position in shares of American Electric Power Company, Inc.
( NASDAQ:AEP – Free Report ) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,522 shares of the company’s stock after purchasing an additional 2,271 shares during the quarter.
Oppenheimer & Co. Inc.’s holdings in American Electric Power were worth $3,819,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its stake in American Electric Power by 57.2% during the second quarter.
HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Bank of Stockton increased its position in American Electric Power by 2.2% in the second quarter.
Bank of Stockton now owns 5,062 shares of the company’s stock worth $444,000 after buying an additional 111 shares during the period. Richardson Financial Services Inc. increased its position in American Electric Power by 3.
9% in the first quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after buying an additional 115 shares during the period.
Addison Advisors LLC increased its position in American Electric Power by 14.8% in the second quarter. Addison Advisors LLC now owns 902 shares of the company’s stock worth $79,000 after buying an additional 116 shares during the period.
Finally, Bogart Wealth LLC increased its position in American Electric Power by 7.8% in the first quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock worth $142,000 after buying an additional 119 shares during the period.
75.24% of the stock is currently owned by institutional investors. American Electric Power Price Performance NASDAQ:AEP opened at $104.
17 on Monday. The business’s 50-day moving average price is $97.39 and its 200 day moving average price is $90.
40. The firm has a market cap of $54.91 billion, a P/E ratio of 19.
33, a PEG ratio of 2.95 and a beta of 0.54.
American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $104.
41. The company has a quick ratio of 0.48, a current ratio of 0.
65 and a debt-to-equity ratio of 1.53. American Electric Power Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th.
Investors of record on Friday, August 9th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th.
This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.38%.
American Electric Power’s dividend payout ratio (DPR) is 65.31%. Wall Street Analysts Forecast Growth AEP has been the topic of several analyst reports.
Bank of America increased their target price on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th.
Morgan Stanley increased their target price on American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd.
Scotiabank increased their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th.
Guggenheim raised their price target on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd.
Finally, JPMorgan Chase & Co. raised their price target on American Electric Power from $101.00 to $108.
00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.
com, the company currently has an average rating of “Hold” and an average target price of $95.15. Get Our Latest Stock Analysis on American Electric Power About American Electric Power ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc.
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