加拿大国民银行(FI)收购美国电力公司(纳斯达克股票代码:AEP)股票

加拿大国民银行(FI)收购美国电力公司(纳斯达克股票代码:AEP)股票
2023年04月06日 17:22 富途牛牛综合

National Bank of Canada FI raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,971 shares of the company's stock after purchasing an additional 3,634 shares during the quarter. National Bank of Canada FI's holdings in American Electric Power were worth $8,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AEP. Hennion & Walsh Asset Management Inc. increased its stake in shares of American Electric Power by 18.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 30,853 shares of the company's stock worth $2,929,000 after acquiring an additional 4,753 shares during the period. TIAA FSB increased its stake in shares of American Electric Power by 2.6% in the third quarter. TIAA FSB now owns 25,996 shares of the company's stock worth $2,247,000 after acquiring an additional 647 shares during the period. Bowling Portfolio Management LLC increased its stake in shares of American Electric Power by 1.8% in the third quarter. Bowling Portfolio Management LLC now owns 10,437 shares of the company's stock worth $902,000 after acquiring an additional 182 shares during the period. Brookstone Capital Management increased its stake in shares of American Electric Power by 33.0% in the third quarter. Brookstone Capital Management now owns 20,623 shares of the company's stock worth $1,686,000 after acquiring an additional 5,117 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of American Electric Power by 3.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,748 shares of the company's stock worth $2,662,000 after acquiring an additional 940 shares during the period. Institutional investors and hedge funds own 74.33% of the company's stock.

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Analysts Set New Price Targets

AEP has been the topic of several analyst reports. StockNews.com initiated coverage on shares of American Electric Power in a research report on Friday, March 17th. They set a "hold" rating on the stock. LADENBURG THALM/SH SH assumed coverage on shares of American Electric Power in a report on Monday. They set a "sell" rating and a $82.50 price objective on the stock. Wells Fargo & Company downgraded shares of American Electric Power from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $108.00 to $99.00 in a research note on Wednesday, February 1st. Credit Suisse Group lifted their target price on shares of American Electric Power from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, December 16th. Finally, Cfra lifted their target price on shares of American Electric Power from $93.00 to $96.00 and gave the stock a "hold" rating in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Electric Power has an average rating of "Hold" and a consensus target price of $98.96.

American Electric Power Stock Up 3.7 %

Shares of NASDAQ:AEP opened at $94.54 on Thursday. The company has a market capitalization of $48.63 billion, a PE ratio of 20.96, a P/E/G ratio of 2.85 and a beta of 0.45. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.39. American Electric Power Company, Inc. has a twelve month low of $80.30 and a twelve month high of $105.60. The firm has a 50 day simple moving average of $90.41 and a 200-day simple moving average of $91.00.

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 the consensus estimate of $0.99 by $0.06. American Electric Power had a net margin of 11.77% and a return on equity of 10.75%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.27 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power's dividend payout ratio (DPR) is presently 73.61%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 3,997 shares of the firm's stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $91.69, for a total transaction of $366,484.93. Following the completion of the transaction, the executive vice president now directly owns 11,871 shares in the company, valued at approximately $1,088,451.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Electric Power news, EVP David Matthew Feinberg sold 3,997 shares of the firm's stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $91.69, for a total transaction of $366,484.93. Following the sale, the executive vice president now directly owns 11,871 shares of the company's stock, valued at approximately $1,088,451.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas K. Akins sold 51,034 shares of the firm's stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $89.44, for a total transaction of $4,564,480.96. Following the sale, the insider now directly owns 143,547 shares in the company, valued at $12,838,843.68. The disclosure for this sale can be found here. Insiders have sold a total of 67,894 shares of company stock valued at $6,090,385 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

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.

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