Creative Planning Has $24.36 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Creative Planning grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 277,585 shares of the company’s stock after purchasing an additional 1,213 shares during the quarter. Creative Planning owned about 0.05% of American Electric Power worth $24,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hodges Capital Management Inc. bought a new stake in American Electric Power during the first quarter worth $1,615,000. Quantbot Technologies LP bought a new stake in shares of American Electric Power in the 1st quarter valued at about $1,731,000. Nordea Investment Management AB lifted its stake in American Electric Power by 381.9% in the 1st quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after purchasing an additional 1,581,734 shares during the last quarter. Mizuho Markets Americas LLC grew its holdings in American Electric Power by 646.9% during the first quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock worth $22,510,000 after purchasing an additional 226,435 shares during the period. Finally, ProShare Advisors LLC increased its position in American Electric Power by 21.7% during the first quarter. ProShare Advisors LLC now owns 582,692 shares of the company’s stock worth $50,170,000 after buying an additional 103,771 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group started coverage on shares of American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective on the stock. Scotiabank lifted their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America increased their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.43.

American Electric Power Stock Up 1.1 %

AEP stock opened at $101.84 on Monday. The company has a market cap of $53.68 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $105.18. The business has a 50-day simple moving average of $99.71 and a 200 day simple moving average of $91.69.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.46%. American Electric Power’s dividend payout ratio is 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.