American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Raised by Bfsg LLC

Bfsg LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 450.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,863 shares of the company's stock after buying an additional 9,709 shares during the period. Bfsg LLC's holdings in American Electric Power were worth $1,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 0.8% in the first quarter. Vanguard Group Inc. now owns 49,630,436 shares of the company's stock valued at $4,273,181,000 after buying an additional 405,114 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of American Electric Power by 9.9% in the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company's stock valued at $739,303,000 after buying an additional 776,965 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of American Electric Power by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company's stock valued at $296,433,000 after buying an additional 35,769 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of American Electric Power by 542.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company's stock valued at $193,541,000 after buying an additional 1,927,234 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of American Electric Power by 381.9% in the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company's stock valued at $171,127,000 after buying an additional 1,581,734 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Down 0.2 %

AEP traded down $0.22 on Friday, reaching $100.69. The company's stock had a trading volume of 3,111,827 shares, compared to its average volume of 3,139,581. The stock has a market cap of $53.08 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a 1 year low of $72.01 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The business's 50 day moving average is $100.43 and its 200 day moving average is $93.29.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The firm had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.74 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. American Electric Power's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Friday, August 9th. American Electric Power's payout ratio is 65.31%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AEP. Wells Fargo & Company lifted their price target on American Electric Power from $98.00 to $104.00 and gave the company an "equal weight" rating in a research note on Wednesday. Morgan Stanley boosted their target price on American Electric Power from $102.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. BMO Capital Markets boosted their target price on American Electric Power from $109.00 to $114.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Scotiabank boosted their target price on American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $98.43.

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.