PFG Advisors Has $396,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

PFG Advisors boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,875 shares of the company’s stock after purchasing an additional 1,150 shares during the period. PFG Advisors’ holdings in American Electric Power were worth $396,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC increased its holdings in American Electric Power by 222.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after purchasing an additional 242 shares in the last quarter. Fairfield Bush & CO. bought a new position in American Electric Power during the 2nd quarter worth about $26,000. Penserra Capital Management LLC bought a new position in shares of American Electric Power in the 1st quarter valued at about $27,000. Pacifica Partners Inc. grew its holdings in shares of American Electric Power by 2,343.8% in the 3rd quarter. Pacifica Partners Inc. now owns 391 shares of the company’s stock valued at $28,000 after acquiring an additional 375 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of American Electric Power in the 4th quarter valued at about $28,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.8 %

Shares of AEP stock opened at $85.21 on Wednesday. The firm has a 50 day moving average price of $81.54 and a two-hundred day moving average price of $79.49. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $44.87 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $96.05.

American Electric Power (NASDAQ:AEPGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. As a group, analysts predict that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 annualized dividend and a yield of 4.13%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEP. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Monday, January 22nd. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $75.50 to $73.00 in a report on Friday, March 8th. Barclays restated an “equal weight” rating and issued a $83.00 price objective (down previously from $84.00) on shares of American Electric Power in a report on Wednesday, February 28th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, BMO Capital Markets raised their price objective on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $87.08.

View Our Latest Stock Analysis on American Electric Power

American Electric Power Company Profile

(Free Report)

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

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