Stratos Wealth Advisors LLC Increases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Stratos Wealth Advisors LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,300 shares of the company’s stock after purchasing an additional 308 shares during the period. Stratos Wealth Advisors LLC’s holdings in American Electric Power were worth $999,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEP. FSC Wealth Advisors LLC raised its holdings in American Electric Power by 222.0% in the third 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. purchased a new position in shares of American Electric Power in the 2nd quarter worth approximately $26,000. Penserra Capital Management LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. Pacifica Partners Inc. lifted its position in American Electric Power by 2,343.8% during the third quarter. Pacifica Partners Inc. now owns 391 shares of the company’s stock valued at $28,000 after acquiring an additional 375 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in American Electric Power during the fourth quarter valued at approximately $28,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.0 %

NASDAQ:AEP opened at $83.95 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The company’s fifty day moving average price is $81.93 and its 200-day moving average price is $79.58. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $96.05. The firm has a market capitalization of $44.21 billion, a P/E ratio of 19.75, a PEG ratio of 2.97 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results 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). 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%. American Electric Power’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s payout ratio is presently 82.82%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent analyst reports. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. BMO Capital Markets upped their target price on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Cfra reiterated a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, StockNews.com lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $87.08.

American Electric Power Company Profile

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.