XTX Topco Ltd Takes $1.82 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

XTX Topco Ltd acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,772 shares of the company’s stock, valued at approximately $1,823,000.

Other large investors have also bought and sold shares of the company. Hodges Capital Management Inc. acquired a new stake in American Electric Power in the 1st quarter valued at about $1,615,000. Quantbot Technologies LP bought a new stake in shares of American Electric Power in the 1st quarter worth approximately $1,731,000. Nordea Investment Management AB lifted its stake in American Electric Power by 381.9% during the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after purchasing an additional 1,581,734 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in American Electric Power by 646.9% during the first quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock worth $22,510,000 after buying an additional 226,435 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in American Electric Power by 21.7% in the first quarter. ProShare Advisors LLC now owns 582,692 shares of the company’s stock worth $50,170,000 after buying an additional 103,771 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 1.4 %

Shares of NASDAQ:AEP opened at $101.74 on Friday. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $105.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $53.63 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The firm has a fifty day moving average of $98.37 and a two-hundred day moving average of $90.76.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s payout ratio is presently 65.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Morgan Stanley increased their price target on American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank upped their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Guggenheim lifted their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $95.15.

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.