Joel Isaacson & Co. LLC boosted its place in shares of American Electrical Energy Firm, Inc. (NASDAQ:AEP – Free Report) by 7.3% within the third quarter, Holdings Channel reviews. The institutional investor owned 3,855 shares of the corporate’s inventory after shopping for an extra 261 shares in the course of the quarter. Joel Isaacson & Co. LLC’s holdings in American Electrical Energy had been price $396,000 on the finish of the newest quarter.
Various different hedge funds have additionally purchased and offered shares of the corporate. Mitsubishi UFJ Belief & Banking Corp boosted its stake in shares of American Electrical Energy by 542.4% in the course of the 1st quarter. Mitsubishi UFJ Belief & Banking Corp now owns 2,282,571 shares of the corporate’s inventory price $193,541,000 after buying an extra 1,927,234 shares in the course of the interval. Nordea Funding Administration AB grew its stake in shares of American Electrical Energy by 381.9% in the course of the first quarter. Nordea Funding Administration AB now owns 1,995,884 shares of the corporate’s inventory valued at $171,127,000 after shopping for an extra 1,581,734 shares over the past quarter. Nationwide Financial institution of Canada FI raised its holdings in shares of American Electrical Energy by 221.9% within the first quarter. Nationwide Financial institution of Canada FI now owns 1,715,346 shares of the corporate’s inventory price $157,140,000 after shopping for an extra 1,182,451 shares in the course of the interval. Zimmer Companions LP lifted its stake in shares of American Electrical Energy by 578.2% in the course of the 1st quarter. Zimmer Companions LP now owns 975,000 shares of the corporate’s inventory price $83,948,000 after buying an extra 831,235 shares over the past quarter. Lastly, Jennison Associates LLC bought a brand new place in American Electrical Energy in the course of the 1st quarter valued at $67,669,000. Institutional traders personal 75.24% of the corporate’s inventory.
American Electrical Energy Inventory Down 1.2 %
Shares of American Electrical Energy inventory opened at $98.19 on Friday. The corporate has a fast ratio of 0.48, a present ratio of 0.65 and a debt-to-equity ratio of 1.53. The corporate has a market cap of $51.76 billion, a P/E ratio of 18.22, a PEG ratio of two.79 and a beta of 0.54. The agency’s 50 day shifting common value is $100.68 and its 200-day shifting common value is $93.88. American Electrical Energy Firm, Inc. has a 52-week low of $74.37 and a 52-week excessive of $105.18.
American Electrical Energy (NASDAQ:AEP – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, July thirtieth. The corporate reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The enterprise had income of $4.60 billion for the quarter, in comparison with the consensus estimate of $4.74 billion. American Electrical Energy had a return on fairness of 11.31% and a internet margin of 13.52%. The enterprise’s quarterly income was up 4.5% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency posted $1.13 earnings per share. On common, sell-side analysts predict that American Electrical Energy Firm, Inc. will put up 5.6 EPS for the present fiscal yr.
American Electrical Energy Will increase Dividend
The agency additionally lately declared a quarterly dividend, which can be paid on Tuesday, December tenth. Shareholders of file on Friday, November eighth can be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of three.79%. The ex-dividend date is Friday, November eighth. This is a rise from American Electrical Energy’s earlier quarterly dividend of $0.88. American Electrical Energy’s dividend payout ratio (DPR) is presently 69.02%.
Analysts Set New Worth Targets
A number of analysts have lately weighed in on the corporate. Morgan Stanley lifted their goal value on American Electrical Energy from $102.00 to $108.00 and gave the inventory an “chubby” score in a analysis report on Wednesday, September twenty fifth. Jefferies Monetary Group started protection on shares of American Electrical Energy in a analysis be aware on Friday, September twentieth. They issued a “maintain” score and a $107.00 goal value on the inventory. Wells Fargo & Firm lifted their value goal on shares of American Electrical Energy from $98.00 to $104.00 and gave the corporate an “equal weight” score in a analysis be aware on Wednesday, October sixteenth. Guggenheim elevated their value goal on American Electrical Energy from $81.00 to $83.00 and gave the inventory a “impartial” score in a analysis be aware on Monday, July twenty second. Lastly, Scotiabank lifted their goal value on American Electrical Energy from $99.00 to $108.00 and gave the corporate a “sector outperform” score in a analysis report on Tuesday, August twentieth. Two equities analysis analysts have rated the inventory with a promote score, seven have issued a maintain score and 6 have assigned a purchase score to the corporate. In response to information from MarketBeat.com, American Electrical Energy presently has a consensus score of “Maintain” and a mean value goal of $98.43.
American Electrical Energy Firm Profile
American Electrical Energy Firm, Inc, an electrical public utility holding firm, engages within the technology, transmission, and distribution of electrical energy on the market to retail and wholesale prospects in america. It operates by means of Vertically Built-in Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Technology & Advertising and marketing segments.
Additional Studying
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