American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,668 shares of the company’s stock after buying an additional 270 shares during the quarter. Richwood Investment Advisors LLC’s holdings in American Electric Power were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Guardian Partners Inc. acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $4,369,000. Sei Investments Co. raised its position in shares of American Electric Power by 38.8% during the 4th quarter. Sei Investments Co. now owns 559,967 shares of the company’s stock worth $51,646,000 after purchasing an additional 156,563 shares during the period. Mizuho Securities USA LLC raised its position in shares of American Electric Power by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 50,475 shares of the company’s stock worth $4,655,000 after purchasing an additional 15,970 shares during the period. Quantbot Technologies LP acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $1,085,000. Finally, Sciencast Management LP acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $1,335,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AEP shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets decreased their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Morgan Stanley increased their price objective on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $99.92.

American Electric Power Stock Performance

AEP opened at $105.11 on Friday. The firm has a market cap of $56.10 billion, a PE ratio of 18.77, a P/E/G ratio of 2.97 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business has a fifty day simple moving average of $101.89 and a 200-day simple moving average of $99.07. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS 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 paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is presently 66.43%.

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.