Mutual Advisors LLC Has $823,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Mutual Advisors LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,133 shares of the company’s stock after purchasing an additional 1,413 shares during the period. Mutual Advisors LLC’s holdings in American Electric Power were worth $823,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AEP. Jaffetilchin Investment Partners LLC boosted its holdings in American Electric Power by 2.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after purchasing an additional 117 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of American Electric Power by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock valued at $2,445,000 after purchasing an additional 119 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of American Electric Power by 4.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after purchasing an additional 132 shares during the last quarter. Financial Advocates Investment Management increased its position in shares of American Electric Power by 2.8% in the 4th quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock valued at $469,000 after acquiring an additional 133 shares during the period. Finally, Tradewinds LLC. raised its position in American Electric Power by 1.7% in the second quarter. Tradewinds LLC. now owns 8,184 shares of the company’s stock valued at $689,000 after purchasing an additional 136 shares during the period. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Cfra reissued a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Barclays reiterated an “equal weight” rating and set a $83.00 target price (down previously from $84.00) on shares of American Electric Power in a research report on Wednesday, February 28th. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $87.08.

View Our Latest Stock Analysis on American Electric Power

American Electric Power Price Performance

NASDAQ:AEP opened at $82.48 on Wednesday. The firm has a market cap of $43.43 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.93 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $96.05. The firm’s fifty day moving average is $80.83 and its two-hundred day moving average is $79.28.

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 for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Research analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Thursday, February 8th. American Electric Power’s dividend payout ratio is currently 82.82%.

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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