American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,743 shares of the company’s stock after acquiring an additional 2,593 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Electric Power were worth $2,346,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC increased its position in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the period. Denali Advisors LLC bought a new position in shares of American Electric Power during the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in American Electric Power in the 1st quarter valued at about $29,000. Finally, LRI Investments LLC boosted its stake in American Electric Power by 935.9% during 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. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.7 %

AEP stock opened at $102.60 on Tuesday. The firm has a market cap of $54.08 billion, a PE ratio of 19.04, a PEG ratio of 2.93 and a beta of 0.54. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $105.18. The company has a fifty day simple moving average of $99.87 and a 200 day simple moving average of $91.83. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the business earned $1.13 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.43%. American Electric Power’s payout ratio is presently 65.31%.

Analyst Ratings Changes

Several equities research analysts have commented on AEP shares. BMO Capital Markets raised their price target on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted 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. Scotiabank increased their price target on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays lifted their price objective on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised their target price on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.43.

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.