Fisher Asset Management LLC Has $584,000 Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Fisher Asset Management LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,190 shares of the company’s stock after buying an additional 1,892 shares during the quarter. Fisher Asset Management LLC’s holdings in American Electric Power were worth $584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Apella Capital LLC bought a new position in shares of American Electric Power in the 4th quarter worth about $348,000. Rockline Wealth Management LLC bought a new stake in American Electric Power in the 4th quarter valued at about $1,982,000. Nisa Investment Advisors LLC increased its position in American Electric Power by 28.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after buying an additional 11,065 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in American Electric Power by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock valued at $5,115,000 after buying an additional 16,225 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in American Electric Power by 1,592.1% in the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after buying an additional 389,675 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AEP. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and boosted their target price for the company from $73.00 to $86.00 in a research report on Thursday, June 6th. Cfra reiterated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Scotiabank lifted their price target on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price target on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and cut their price target for the company from $86.00 to $83.00 in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.92.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the sale, the executive vice president now directly owns 6,385 shares in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

American Electric Power Price Performance

American Electric Power stock opened at $87.05 on Monday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.44. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The business’s 50 day simple moving average is $88.20 and its 200 day simple moving average is $83.90. The company has a market cap of $45.89 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.61 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. American Electric Power’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $0.88 dividend. The ex-dividend date was Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.04%. American Electric Power’s payout ratio is 65.31%.

About American Electric Power

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.