Pathway Financial Advisers LLC Buys 116 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Pathway Financial Advisers LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,290 shares of the company’s stock after acquiring an additional 116 shares during the period. Pathway Financial Advisers LLC’s holdings in American Electric Power were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. HHM Wealth Advisors LLC boosted its holdings in shares of American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Denali Advisors LLC purchased a new stake in American Electric Power during the first quarter valued at about $26,000. Rise Advisors LLC bought a new position in American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new position in American Electric Power in the 1st quarter worth approximately $29,000. Finally, LRI Investments LLC purchased a new stake in shares of American Electric Power during the first quarter valued at approximately $37,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $102.60 on Tuesday. The firm’s 50 day moving average price is $99.87 and its 200-day moving average price is $91.83. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $54.08 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $105.18.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that American Electric Power Company, Inc. will post 5.6 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given 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 dividend yield of 3.43%. American Electric Power’s payout ratio is 65.31%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEP. JPMorgan Chase & Co. boosted their price target on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. BMO Capital Markets boosted 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 report on Monday, September 9th. Scotiabank raised 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. Bank of America increased their price target 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. Finally, Barclays lifted their target price on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $96.43.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.