RFG Bristol Wealth Advisors LLC Buys New Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

RFG Bristol Wealth Advisors LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,451 shares of the company's stock, valued at approximately $318,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in American Electric Power by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after acquiring an additional 763,813 shares during the last quarter. State Street Corp boosted its position in shares of 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 last quarter. GQG Partners LLC increased its holdings in American Electric Power by 3.7% in the fourth quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock valued at $1,389,032,000 after purchasing an additional 543,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Electric Power by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock valued at $1,178,174,000 after buying an additional 283,311 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in American Electric Power by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after buying an additional 100,578 shares during the period. Institutional investors own 75.24% of the company's stock.

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American Electric Power Stock Down 2.3 %

Shares of AEP traded down $2.45 during mid-day trading on Monday, hitting $102.03. 2,684,321 shares of the company's stock were exchanged, compared to its average volume of 3,106,384. The company has a 50-day simple moving average of $103.79 and a 200 day simple moving average of $99.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market cap of $54.45 billion, a PE ratio of 18.16, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting 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 company posted $1.23 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 10th. American Electric Power's payout ratio is presently 66.43%.

Analysts Set New Price Targets

AEP has been the subject of a number of recent analyst reports. Bank of America upped their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley upped their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Finally, Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $100.77.

American Electric Power Company 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.