American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 343,628 shares of the company's stock after acquiring an additional 20,928 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of American Electric Power worth $31,693,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of American Electric Power by 0.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 26,677 shares of the company's stock valued at $2,737,000 after purchasing an additional 179 shares during the period. KBC Group NV lifted its stake in shares of American Electric Power by 15.1% in the third quarter. KBC Group NV now owns 43,546 shares of the company's stock valued at $4,468,000 after purchasing an additional 5,722 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of American Electric Power by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 12,627 shares of the company's stock valued at $1,296,000 after purchasing an additional 426 shares during the period. Balboa Wealth Partners acquired a new stake in shares of American Electric Power in the third quarter valued at about $313,000. Finally, CIBC Asset Management Inc lifted its stake in shares of American Electric Power by 1.8% in the third quarter. CIBC Asset Management Inc now owns 204,792 shares of the company's stock valued at $21,012,000 after purchasing an additional 3,712 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

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Wall Street Analysts Forecast Growth

AEP has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday. Barclays dropped their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. Scotiabank downgraded shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Finally, BMO Capital Markets dropped 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 report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average target price of $99.23.

American Electric Power Trading Down 0.1 %

Shares of AEP traded down $0.15 during mid-day trading on Wednesday, hitting $105.84. The company had a trading volume of 2,786,629 shares, compared to its average volume of 2,767,876. The business's 50-day simple moving average is $101.11 and its 200-day simple moving average is $98.95. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The stock has a market cap of $56.44 billion, a PE ratio of 18.90, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the firm earned $1.23 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. American Electric Power's dividend payout ratio is presently 66.43%.

About American Electric Power

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.