1 North Wealth Services LLC purchased a new stake in shares of American Electric Power Company Inc (NYSE:AEP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,344 shares of the utilities provider’s stock, valued at approximately $100,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Orrstown Financial Services Inc. bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $28,000. Arlington Partners LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $30,000. Quantamental Technologies LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $30,000. Mondrian Investment Partners LTD bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $38,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.
Several research firms have recently weighed in on AEP. Barclays upped their price objective on American Electric Power from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Bank of America upped their price objective on American Electric Power from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Finally, ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. American Electric Power presently has a consensus rating of “Buy” and an average price target of $77.50.
In related news, insider Lisa M. Barton sold 881 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total transaction of $68,321.55. Following the sale, the insider now directly owns 581 shares in the company, valued at approximately $45,056.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.
NYSE AEP opened at $79.55 on Thursday. The company has a market cap of $39.60 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.17. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $81.05. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.48.
American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. American Electric Power had a return on equity of 10.33% and a net margin of 11.91%. American Electric Power’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Analysts forecast that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 8th will be given a dividend of $0.67 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.68 dividend on an annualized basis and a yield of 3.37%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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