MGO One Seven LLC Acquires 494 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

MGO One Seven LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,982 shares of the company’s stock after acquiring an additional 494 shares during the period. MGO One Seven LLC’s holdings in American Electric Power were worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at about $26,000. Denali Advisors LLC bought a new stake in American Electric Power during the 1st quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new position in shares of American Electric Power in the 1st quarter worth approximately $29,000. Finally, LRI Investments LLC lifted its stake in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEP shares. Guggenheim upped their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. BMO Capital Markets increased their price target on shares of American Electric Power from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday. Scotiabank lifted their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America upped their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $95.15.

American Electric Power Trading Down 0.1 %

Shares of NASDAQ:AEP opened at $102.99 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $104.41. The company has a market cap of $54.29 billion, a P/E ratio of 19.11, a PEG ratio of 2.92 and a beta of 0.54. The stock’s fifty day moving average price is $97.06 and its 200-day moving average price is $90.14.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.42%. American Electric Power’s dividend payout ratio is presently 65.31%.

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.