Adviser Investments LLC Increases Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Adviser Investments LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 86.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,656 shares of the company’s stock after acquiring an additional 2,154 shares during the period. Adviser Investments LLC’s holdings in American Electric Power were worth $447,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. purchased a new stake in American Electric Power during the 4th quarter worth about $266,000. Rockefeller Capital Management L.P. grew its position in American Electric Power by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 152,867 shares of the company’s stock valued at $13,600,000 after buying an additional 7,139 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of American Electric Power by 3.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 54,106 shares of the company’s stock valued at $4,814,000 after buying an additional 1,763 shares during the period. Blair William & Co. IL grew its position in American Electric Power by 10.9% during the fourth quarter. Blair William & Co. IL now owns 44,188 shares of the company’s stock worth $3,931,000 after buying an additional 4,337 shares during the period. Finally, Rowland & Co. Investment Counsel ADV acquired a new position in shares of American Electric Power during the 4th quarter worth $120,000. Institutional investors and hedge funds own 74.70% of the company’s stock.

American Electric Power Stock Up 0.3 %

Shares of NASDAQ AEP opened at $98.88 on Friday. The stock has a market cap of $50.80 billion, a PE ratio of 19.43, a PEG ratio of 3.27 and a beta of 0.34. American Electric Power Company, Inc. has a 52-week low of $80.22 and a 52-week high of $105.60. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.66 and a current ratio of 0.75. The business has a fifty day moving average of $100.41 and a two-hundred day moving average of $98.98.

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

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $3.12 annualized dividend and a dividend yield of 3.16%. American Electric Power’s dividend payout ratio is currently 61.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AEP shares. Morgan Stanley dropped their price objective on shares of American Electric Power from $118.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup lifted their target price on American Electric Power from $94.00 to $99.00 in a research report on Thursday, July 28th. Credit Suisse Group increased their price objective on shares of American Electric Power from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Finally, Evercore ISI upped their target price on American Electric Power to $107.00 in a research report on Monday, August 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.43.

American Electric Power Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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