American Electric Power Company, Inc. (NASDAQ:AEP) Short Interest Update

American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 7,970,000 shares, a growth of 11.6% from the August 15th total of 7,140,000 shares. Based on an average daily volume of 2,620,000 shares, the short-interest ratio is presently 3.0 days.

Analysts Set New Price Targets

AEP has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of American Electric Power to $107.00 in a report on Monday, August 15th. Citigroup upped their price target on shares of American Electric Power from $94.00 to $99.00 in a report on Thursday, July 28th. Morgan Stanley upped their price target on shares of American Electric Power from $111.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group upped their price objective on shares of American Electric Power from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, American Electric Power has an average rating of “Moderate Buy” and an average price target of $105.71.

Hedge Funds Weigh In On American Electric Power

A number of large investors have recently modified their holdings of AEP. Aldebaran Financial Inc. lifted its stake in shares of American Electric Power by 4.2% in the 1st quarter. Aldebaran Financial Inc. now owns 2,500 shares of the company’s stock valued at $249,000 after purchasing an additional 100 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of American Electric Power by 2.5% in the 1st quarter. Great Valley Advisor Group Inc. now owns 4,157 shares of the company’s stock valued at $406,000 after purchasing an additional 100 shares during the last quarter. Bridgewater Advisors Inc. lifted its stake in shares of American Electric Power by 2.2% in the 1st quarter. Bridgewater Advisors Inc. now owns 4,664 shares of the company’s stock valued at $465,000 after purchasing an additional 101 shares during the last quarter. Pettyjohn Wood & White Inc. lifted its stake in shares of American Electric Power by 1.8% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 5,788 shares of the company’s stock valued at $555,000 after purchasing an additional 101 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its stake in shares of American Electric Power by 12.7% in the 2nd quarter. Neo Ivy Capital Management now owns 899 shares of the company’s stock valued at $86,000 after purchasing an additional 101 shares during the last quarter. 74.70% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

AEP stock opened at $101.11 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.66. American Electric Power has a 1 year low of $80.22 and a 1 year high of $105.60. The company has a 50 day simple moving average of $100.12 and a 200 day simple moving average of $98.90. The stock has a market cap of $51.94 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.25 and a beta of 0.34.

American Electric Power (NASDAQ:AEPGet Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. American Electric Power had a net margin of 14.39% and a return on equity of 10.46%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. American Electric Power’s revenue was up 21.1% on a year-over-year basis. Research analysts anticipate that American Electric Power will post 4.99 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.09%. American Electric Power’s dividend payout ratio (DPR) is currently 61.30%.

About American Electric Power

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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.

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