Sandbox Financial Partners LLC Makes New $203,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Sandbox Financial Partners LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,500 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after acquiring an additional 3,589,451 shares during the period. State Street Corp increased its stake in American Electric Power by 0.3% during the 2nd quarter. State Street Corp now owns 27,146,446 shares of the company’s stock worth $2,285,731,000 after acquiring an additional 86,801 shares during the period. Morgan Stanley lifted its position in shares of American Electric Power by 4.1% during the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after acquiring an additional 587,145 shares during the period. Invesco Ltd. increased its position in shares of American Electric Power by 13.7% in the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after purchasing an additional 1,181,706 shares during the period. Finally, Royal Bank of Canada lifted its position in American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after purchasing an additional 374,300 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEP. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $75.50 to $73.00 in a report on Friday, March 8th. BMO Capital Markets raised their price objective on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Barclays restated an “equal weight” rating and issued a $83.00 price target (down from $84.00) on shares of American Electric Power in a research note on Wednesday, February 28th. Finally, Cfra reissued a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.08.

American Electric Power Trading Up 1.5 %

Shares of AEP stock traded up $1.30 during trading hours on Friday, hitting $86.10. 3,077,284 shares of the company were exchanged, compared to its average volume of 4,406,437. The firm has a market cap of $45.34 billion, a P/E ratio of 20.26, a P/E/G ratio of 3.00 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $96.05. The company has a 50 day simple moving average of $81.09 and a two-hundred day simple moving average of $79.36. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. American Electric Power’s dividend payout ratio (DPR) is currently 82.82%.

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.