Bahl & Gaynor Inc. Invests $240,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Bahl & Gaynor Inc. acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 2,735 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC boosted its position in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power in the fourth quarter worth $26,000. Denali Advisors LLC bought a new stake in shares of American Electric Power during the 1st quarter worth $26,000. Rise Advisors LLC acquired a new position in American Electric Power in the 1st quarter valued at $27,000. Finally, YHB Investment Advisors Inc. bought a new position in American Electric Power in the 1st quarter worth $29,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.1 %

Shares of AEP stock opened at $102.99 on Friday. The firm has a fifty day moving average of $97.06 and a 200-day moving average of $90.14. The stock has a market cap of $54.29 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.92 and a beta of 0.54. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $104.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Guggenheim lifted their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Scotiabank increased their price objective on 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. Finally, Bank of America raised their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.15.

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.