Rothschild Investment LLC Purchases 304 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Rothschild Investment LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,306 shares of the company’s stock after acquiring an additional 304 shares during the quarter. Rothschild Investment LLC’s holdings in American Electric Power were worth $489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power during the third quarter worth $33,000. Kestra Investment Management LLC bought a new position in American Electric Power during the fourth quarter worth $35,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the fourth quarter worth $35,000. Finally, Reston Wealth Management LLC bought a new position in American Electric Power during the third quarter worth $48,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research analyst reports. BMO Capital Markets cut their price objective 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. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, UBS Group upped their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Performance

NASDAQ AEP opened at $107.70 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $107.84. The company has a 50-day simple moving average of $97.11 and a 200 day simple moving average of $98.20. The company has a market capitalization of $57.43 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last posted its earnings results 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 net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the business earned $1.23 earnings per share. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

About American Electric Power

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.