SVB Wealth LLC Makes New $819,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

SVB Wealth LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,881 shares of the company’s stock, valued at approximately $819,000.

Several other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp grew its position in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the last quarter. FMR LLC grew its position in American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of American Electric Power in the third quarter valued at approximately $80,207,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of American Electric Power by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock valued at $315,498,000 after buying an additional 738,756 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 1.6 %

AEP stock opened at $107.70 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $57.43 billion, a PE ratio of 19.23, a P/E/G ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $107.84. The firm has a 50 day simple moving average of $98.28 and a 200 day simple moving average of $98.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates 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 in the prior year, the firm posted $1.23 earnings per share. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. American Electric Power’s dividend payout ratio is currently 66.43%.

Analysts Set New Price Targets

AEP has been the topic of several analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Evercore ISI cut their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One investment 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.46.

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.