B. Metzler seel. Sohn & Co. AG Buys 1,290 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

B. Metzler seel. Sohn & Co. AG increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,982 shares of the company’s stock after acquiring an additional 1,290 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in American Electric Power were worth $1,751,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at about $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power during the fourth quarter valued at approximately $32,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power during the third quarter worth approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power in the 4th quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley lifted their target price on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $100.77.

American Electric Power Stock Down 0.6 %

AEP opened at $107.75 on Thursday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.76. The company’s 50-day moving average price is $103.44 and its two-hundred day moving average price is $99.23. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.97 and a beta of 0.50. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the business earned $1.23 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 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.