2,112 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by Bfsg LLC

Bfsg LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,112 shares of the company’s stock, valued at approximately $172,000.

Several other hedge funds have also recently made changes to their positions in the company. FSC Wealth Advisors LLC grew its position in American Electric Power by 222.0% during the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after buying an additional 242 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in American Electric Power during the fourth quarter worth about $32,000. GoalVest Advisory LLC grew its position in American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after buying an additional 320 shares in the last quarter. JNBA Financial Advisors lifted its stake in American Electric Power by 91.6% during the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in American Electric Power during the third quarter worth about $36,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

AEP traded down $0.10 on Thursday, reaching $86.27. The company had a trading volume of 740,940 shares, compared to its average volume of 3,735,820. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $45.43 billion, a PE ratio of 20.32, a P/E/G ratio of 3.02 and a beta of 0.51. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.21. The stock has a 50-day moving average price of $83.34 and a 200-day moving average price of $80.29.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.55 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the company from $75.50 to $73.00 in a research note on Friday, March 8th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $86.00 to $83.00 in a report on Monday, March 11th. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Scotiabank dropped their price objective on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating for the company in a report on Monday. Finally, Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has an average rating of “Hold” and an average price target of $86.08.

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.