Ignite Planners LLC Acquires 212 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Ignite Planners LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,996 shares of the company’s stock after acquiring an additional 212 shares during the quarter. Ignite Planners LLC’s holdings in American Electric Power were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. ASB Consultores LLC lifted its stake in shares of American Electric Power by 4.7% in the 4th quarter. ASB Consultores LLC now owns 2,561 shares of the company’s stock valued at $243,000 after purchasing an additional 114 shares during the period. Buckingham Capital Management Inc. boosted its holdings in shares of American Electric Power by 0.4% during the 1st quarter. Buckingham Capital Management Inc. now owns 29,229 shares of the company’s stock valued at $2,660,000 after buying an additional 114 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of American Electric Power by 2.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after buying an additional 117 shares during the period. Marino Stram & Associates LLC increased its stake in shares of American Electric Power by 1.0% in the 1st quarter. Marino Stram & Associates LLC now owns 11,985 shares of the company’s stock worth $1,091,000 after acquiring an additional 119 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in American Electric Power by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock valued at $2,445,000 after acquiring an additional 119 shares during the period. Institutional investors own 74.68% of the company’s stock.

American Electric Power Trading Up 0.2 %

Shares of NASDAQ:AEP opened at $80.23 on Tuesday. The stock’s 50-day simple moving average is $81.57 and its two-hundred day simple moving average is $85.71. The stock has a market capitalization of $41.33 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.73 and a beta of 0.46. American Electric Power Company, Inc. has a 52-week low of $75.47 and a 52-week high of $101.15. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.48 and a current ratio of 0.61.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). American Electric Power had a return on equity of 10.44% and a net margin of 10.20%. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts expect that American Electric Power Company, Inc. will post 5.26 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Wednesday, August 9th. American Electric Power’s dividend payout ratio (DPR) is 86.01%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AEP shares. BMO Capital Markets decreased their target price on shares of American Electric Power from $103.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, June 30th. UBS Group downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $92.00 in a report on Tuesday, June 6th. Guggenheim dropped their price target on shares of American Electric Power from $105.00 to $96.00 in a research note on Friday, July 7th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 13th. Finally, The Goldman Sachs Group assumed coverage on shares of American Electric Power in a report on Wednesday, June 7th. They issued a “buy” rating and a $98.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.83.

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.