Yelin Lapidot Holdings Management Ltd. Invests $211,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Yelin Lapidot Holdings Management Ltd. purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,288 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after buying an additional 1,114,954 shares during the period. Geode Capital Management LLC grew its holdings in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after acquiring an additional 352,588 shares in the last quarter. FMR LLC raised its holdings in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of American Electric Power by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after purchasing an additional 100,578 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of American Electric Power by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock worth $354,551,000 after purchasing an additional 84,704 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of several research analyst reports. Morgan Stanley cut their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. UBS Group boosted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI reduced their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus price target of $98.46.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $105.16 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market capitalization of $56.07 billion, a PE ratio of 18.78, a P/E/G ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $107.84. The business’s fifty day moving average price is $97.71 and its two-hundred day moving average price is $98.31.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the firm posted $1.23 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

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.