RD Lewis Holdings Inc. Makes New Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

RD Lewis Holdings Inc. 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 Form 13F filing with the SEC. The firm purchased 18,011 shares of the company's stock, valued at approximately $1,807,000. American Electric Power accounts for approximately 2.1% of RD Lewis Holdings Inc.'s portfolio, making the stock its 17th largest position.

Several other hedge funds have also bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in American Electric Power in the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the third quarter worth $33,000. Fairway Wealth LLC purchased a new position in shares of American Electric Power in the 4th quarter worth about $32,000. Finally, Kestra Investment Management LLC bought a new position in American Electric Power in the 4th quarter worth about $35,000. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on AEP shares. Barclays decreased 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. BMO Capital Markets cut their target price on American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $99.92.

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American Electric Power Stock Performance

AEP traded down $1.10 during midday trading on Friday, reaching $105.11. The company had a trading volume of 5,649,156 shares, compared to its average volume of 2,764,280. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company has a market cap of $56.10 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.97 and a beta of 0.50. The business has a 50-day moving average of $101.66 and a two-hundred day moving average of $99.05.

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 last year, the business posted $1.23 earnings per share. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio is currently 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.