2 weeks Ago By ABMN Staff
American Electric Power Company, Inc. ( NASDAQ:AEP – Get Free Report ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 8,620,000 shares, an increase of 9.
9% from the August 31st total of 7,840,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is currently 3.1 days.
Institutional Inflows and Outflows Institutional investors and hedge funds have recently made changes to their positions in the stock. HHM Wealth Advisors LLC lifted its position in American Electric Power by 57.2% during the 2nd quarter.
HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the period. Denali Advisors LLC purchased a new position in shares of American Electric Power in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new position in American Electric Power in the 1st quarter worth about $27,000.
YHB Investment Advisors Inc. purchased a new position in American Electric Power during the first quarter worth approximately $29,000. Finally, LRI Investments LLC acquired a new stake in American Electric Power in the first quarter valued at approximately $37,000.
75.24% of the stock is currently owned by hedge funds and other institutional investors. American Electric Power Trading Up 1.
1 % AEP stock opened at $101.84 on Monday. The firm’s fifty day simple moving average is $99.
71 and its two-hundred day simple moving average is $91.69. The stock has a market capitalization of $53.
68 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.
54. 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 has a twelve month low of $69.
38 and a twelve month high of $105.18. American Electric Power Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th.
Shareholders of record on Friday, August 9th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, August 9th.
This represents a $3.52 dividend on an annualized basis and a yield of 3.46%.
American Electric Power’s dividend payout ratio is currently 65.31%. Wall Street Analyst Weigh In Several equities analysts have recently commented on the stock.
Barclays upped their price objective on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st.
Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock.
LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and increased their target price for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th.
Guggenheim raised their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd.
Finally, Bank of America increased their price objective on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th.
Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $96.43.
Get Our Latest Stock Analysis on American Electric Power About American Electric Power ( Get 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. Further Reading Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.
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