Metis Global Partners LLC Has $3.67 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Metis Global Partners LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,837 shares of the company’s stock after acquiring an additional 1,945 shares during the quarter. Metis Global Partners LLC’s holdings in American Electric Power were worth $3,674,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in American Electric Power during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the third quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AEP shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company lowered their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. UBS Group upped their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One research 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’s stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average price target of $98.46.

American Electric Power Price Performance

American Electric Power stock opened at $106.05 on Friday. The stock has a market capitalization of $56.55 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $107.84. The stock’s 50 day moving average price is $97.98 and its two-hundred day moving average price is $98.38. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting 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 previous year, the business posted $1.23 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

About American Electric Power

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.