Czech National Bank Has $11.12 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Czech National Bank grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,398 shares of the company’s stock after purchasing an additional 7,950 shares during the period. Czech National Bank’s holdings in American Electric Power were worth $11,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new position in American Electric Power in the 4th quarter valued at approximately $175,667,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in American Electric Power by 542.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock worth $193,541,000 after purchasing an additional 1,927,234 shares during the last quarter. Nordea Investment Management AB raised its holdings in American Electric Power by 381.9% during the 1st quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock worth $171,127,000 after purchasing an additional 1,581,734 shares during the last quarter. National Bank of Canada FI raised its holdings in American Electric Power by 221.9% during the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after purchasing an additional 1,182,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in American Electric Power by 67.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock worth $210,055,000 after purchasing an additional 1,043,885 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Down 1.1 %

AEP traded down $1.09 during mid-day trading on Friday, reaching $100.28. 1,900,833 shares of the stock were exchanged, compared to its average volume of 3,178,522. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. The stock has a market capitalization of $52.86 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. The company has a 50 day moving average price of $100.29 and a two-hundred day moving average price of $92.11. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $105.18.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Ratings Changes

Several research analysts have issued reports on AEP shares. Morgan Stanley raised their price target on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Guggenheim lifted their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Barclays lifted their price objective on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their price objective on shares of American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.79.

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.