Everstar Asset Management LLC Has $459,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Everstar Asset Management LLC lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 27.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,974 shares of the company’s stock after selling 1,873 shares during the quarter. Everstar Asset Management LLC’s holdings in American Electric Power were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEP. SouthState Corp increased its position in shares of American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares during the period. PSI Advisors LLC raised its position in shares of American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after acquiring an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after acquiring an additional 112 shares in the last quarter. Albion Financial Group UT lifted its stake in shares of American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after purchasing an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several recent analyst reports. Bank of America boosted their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $100.77.

American Electric Power Stock Up 1.7 %

Shares of NASDAQ:AEP opened at $106.96 on Monday. The stock has a market cap of $57.08 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.97 and a beta of 0.50. The business’s 50 day moving average is $102.78 and its 200 day moving average is $99.10. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 last year, the business posted $1.23 earnings per share. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.48%. American Electric Power’s dividend payout ratio is currently 66.43%.

American Electric Power 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.