American Electric Power Company, Inc. $AEP Holdings Raised by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,102 shares of the company’s stock after purchasing an additional 9,983 shares during the quarter. AE Wealth Management LLC’s holdings in American Electric Power were worth $19,586,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. West Family Investments Inc. bought a new position in American Electric Power during the second quarter valued at approximately $256,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of American Electric Power by 462.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after purchasing an additional 43,533 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of American Electric Power by 228.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after purchasing an additional 35,938 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of American Electric Power by 9.0% in the 2nd quarter. Apollon Wealth Management LLC now owns 26,240 shares of the company’s stock valued at $2,723,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $119.21 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The stock’s 50 day moving average price is $117.27 and its two-hundred day moving average price is $114.85. The firm has a market capitalization of $63.67 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.63. American Electric Power Company, Inc. has a 12-month low of $97.32 and a 12-month high of $124.80.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.2%. American Electric Power’s dividend payout ratio is 55.39%.

Analyst Upgrades and Downgrades

AEP has been the topic of several analyst reports. Siebert Williams Shank began coverage on shares of American Electric Power in a research report on Thursday, December 18th. They set a “buy” rating and a $137.00 target price on the stock. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. BMO Capital Markets raised their price objective on American Electric Power from $123.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $125.00 target price on shares of American Electric Power in a report on Wednesday, January 21st. Finally, Citigroup increased their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.39.

Insider Transactions at American Electric Power

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by corporate insiders.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.