American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 44.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,776 shares of the company’s stock after acquiring an additional 1,462 shares during the period. Capital Investment Advisory Services LLC’s holdings in American Electric Power were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AEP. BLB&B Advisors LLC grew its holdings in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after purchasing an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in American Electric Power by 4.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after purchasing an additional 132 shares during the period. CENTRAL TRUST Co grew its holdings in American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after purchasing an additional 138 shares during the period. Pinnacle West Asset Management Inc. grew its holdings in American Electric Power by 3.1% in the third quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after purchasing an additional 140 shares during the period. Finally, Nicolet Advisory Services LLC grew its holdings in American Electric Power by 5.0% in the third quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company’s stock valued at $220,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the subject of a number of recent analyst reports. Cfra restated a “buy” rating and issued a $92.00 target price (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Scotiabank decreased their price objective on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating for the company in a research note on Monday. Barclays boosted their price objective on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Monday, January 22nd. Finally, UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.08.

American Electric Power Trading Up 0.8 %

AEP opened at $85.56 on Wednesday. The stock has a market capitalization of $45.06 billion, a PE ratio of 20.13, a P/E/G ratio of 2.98 and a beta of 0.51. The firm’s fifty day moving average price is $83.19 and its 200 day moving average price is $80.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company 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 in the prior year, the company earned $1.05 earnings per share. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.11%. American Electric Power’s dividend payout ratio (DPR) is 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.