Asset Planning Inc Buys Shares of 919 American Electric Power Company, Inc. (NASDAQ:AEP)

Asset Planning Inc bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 919 shares of the company’s stock, valued at approximately $85,000.

A number of other large investors have also recently modified their holdings of AEP. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the third quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power during the 4th quarter valued at $35,000. Reston Wealth Management LLC purchased a new position in American Electric Power in the third quarter valued at about $48,000. Finally, Decker Retirement Planning Inc. bought a new position in American Electric Power in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 1.3 %

American Electric Power stock opened at $100.99 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $78.07 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a market cap of $53.74 billion, a PE ratio of 20.24, a PEG ratio of 2.84 and a beta of 0.58. The business’s 50-day simple moving average is $95.38 and its two-hundred day simple moving average is $97.90.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same period in the prior year, the business earned $1.23 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.68%. American Electric Power’s payout ratio is 74.55%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. UBS Group increased their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. BMO Capital Markets dropped their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Barclays lowered their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.00.

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.