9,325 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by HMV Wealth Advisors LLC

HMV Wealth Advisors LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,325 shares of the company's stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Oppenheimer Asset Management Inc. boosted its stake in American Electric Power by 0.7% during the 3rd 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 in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of American Electric Power by 2.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,617 shares of the company's stock valued at $4,578,000 after acquiring an additional 1,095 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in shares of American Electric Power by 53.8% during the 3rd quarter. Main Street Financial Solutions LLC now owns 3,817 shares of the company's stock valued at $392,000 after acquiring an additional 1,336 shares during the last quarter. KBC Group NV lifted its position in shares of American Electric Power by 15.1% during the 3rd quarter. KBC Group NV now owns 43,546 shares of the company's stock valued at $4,468,000 after acquiring an additional 5,722 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of American Electric Power by 15.9% during the 3rd quarter. Metis Global Partners LLC now owns 37,892 shares of the company's stock valued at $3,888,000 after acquiring an additional 5,211 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on AEP shares. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Barclays reduced their target price on 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. Finally, Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday. One 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's stock. According to MarketBeat, American Electric Power currently has a consensus rating of "Hold" and a consensus target price of $99.23.

American Electric Power Stock Down 0.1 %

American Electric Power stock traded down $0.15 during mid-day trading on Wednesday, hitting $105.84. 2,786,644 shares of the company's stock were exchanged, compared to its average volume of 2,767,876. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a market cap of $56.44 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.97 and a beta of 0.50. 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 50 day moving average of $101.11 and a two-hundred day moving average of $98.95.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 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 quarter in the prior year, the business earned $1.23 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

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.