Vestmark Advisory Solutions Inc. 购买了美国电力公司(纳斯达克股票代码:AEP)的1,235股股票

Vestmark Advisory Solutions Inc. 购买了美国电力公司(纳斯达克股票代码:AEP)的1,235股股票
2023年04月03日 17:22 富途牛牛综合

Vestmark Advisory Solutions Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,517 shares of the company's stock after acquiring an additional 1,235 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in American Electric Power were worth $904,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in American Electric Power by 1.5% during the third quarter. Vanguard Group Inc. now owns 47,540,815 shares of the company's stock worth $4,109,904,000 after acquiring an additional 712,350 shares during the last quarter. BlackRock Inc. lifted its holdings in American Electric Power by 0.9% during the 3rd quarter. BlackRock Inc. now owns 42,719,729 shares of the company's stock worth $3,693,119,000 after purchasing an additional 368,921 shares during the last quarter. State Street Corp lifted its holdings in American Electric Power by 4.8% during the 2nd quarter. State Street Corp now owns 29,105,487 shares of the company's stock worth $2,792,380,000 after purchasing an additional 1,327,884 shares during the last quarter. Alliancebernstein L.P. increased its position in American Electric Power by 2.8% during the third quarter. Alliancebernstein L.P. now owns 4,568,635 shares of the company's stock worth $394,958,000 after acquiring an additional 123,349 shares during the period. Finally, Bank of New York Mellon Corp increased its position in American Electric Power by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 4,269,147 shares of the company's stock worth $369,069,000 after acquiring an additional 45,056 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at American Electric Power

In other news, insider Nicholas K. Akins sold 6,977 shares of American Electric Power stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $90.39, for a total value of $630,651.03. Following the completion of the transaction, the insider now directly owns 143,547 shares of the company's stock, valued at approximately $12,975,213.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Greg B. Hall sold 884 shares of the firm's stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.99, for a total value of $80,435.16. Following the transaction, the executive vice president now owns 7,331 shares of the company's stock, valued at approximately $667,047.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicholas K. Akins sold 6,977 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $90.39, for a total value of $630,651.03. Following the completion of the sale, the insider now directly owns 143,547 shares of the company's stock, valued at $12,975,213.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,894 shares of company stock valued at $6,090,385. Corporate insiders own 0.12% of the company's stock.

American Electric Power Trading Up 0.6 %

Shares of NASDAQ AEP opened at $90.99 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.56 and a current ratio of 0.65. American Electric Power Company, Inc. has a 52-week low of $80.30 and a 52-week high of $105.60. The firm has a 50 day moving average price of $90.45 and a two-hundred day moving average price of $90.92. The stock has a market cap of $46.81 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44.

American Electric Power (NASDAQ:AEP – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.26 billion. American Electric Power had a return on equity of 10.75% and a net margin of 11.77%. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.27 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, February 9th. American Electric Power's dividend payout ratio (DPR) is presently 73.61%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. Morgan Stanley reduced their price target on American Electric Power from $107.00 to $101.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 21st. StockNews.com assumed coverage on shares of American Electric Power in a research report on Friday, March 17th. They set a "hold" rating for the company. Cfra upped their price objective on shares of American Electric Power from $93.00 to $96.00 and gave the stock a "hold" rating in a research report on Friday, February 24th. Royal Bank of Canada lowered their price objective on shares of American Electric Power from $109.00 to $103.00 and set an "outperform" rating for the company in a research report on Thursday, March 2nd. Finally, Mizuho lowered their price objective on shares of American Electric Power from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Friday, December 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, American Electric Power has a consensus rating of "Moderate Buy" and an average target price of $100.33.

About American Electric Power

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.

Further Reading

  • Get a free copy of the StockNews.com research report on American Electric Power (AEP)
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