Atria Wealth Solutions Inc. Has $3.52 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Atria Wealth Solutions Inc. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,135 shares of the company's stock after acquiring an additional 2,942 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in American Electric Power were worth $3,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Pathway Financial Advisers LLC boosted its stake in American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company's stock worth $203,399,000 after purchasing an additional 1,963,154 shares during the period. Janus Henderson Group PLC boosted its stake in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock worth $385,079,000 after purchasing an additional 1,962,125 shares during the period. State Street Corp boosted its stake in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. FMR LLC boosted its stake in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock valued at $704,549,000 after buying an additional 1,087,163 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of American Electric Power during the 3rd quarter valued at $80,207,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

AEP stock traded up $0.98 during trading hours on Friday, reaching $105.33. The stock had a trading volume of 4,001,955 shares, compared to its average volume of 3,314,018. The stock has a market capitalization of $56.16 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58. The stock has a 50-day simple moving average of $96.26 and a 200 day simple moving average of $98.04. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $105.73. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the prior year, the business earned $1.23 EPS. Analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.53%. American Electric Power's payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Morgan Stanley cut their price target on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Finally, Evercore ISI dropped their price objective on shares of American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $98.00.

American Electric Power 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.