Advisory Alpha LLC Has $448,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Advisory Alpha LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.3% in the second quarter, Holdings Channel reports. The fund owned 5,107 shares of the company’s stock after acquiring an additional 559 shares during the period. Advisory Alpha LLC’s holdings in American Electric Power were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new position in shares of American Electric Power during the fourth quarter valued at about $175,667,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of American Electric Power by 542.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock valued at $193,541,000 after buying an additional 1,927,234 shares during the last quarter. Nordea Investment Management AB raised its position in shares of American Electric Power by 381.9% during the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after buying an additional 1,581,734 shares during the last quarter. National Bank of Canada FI raised its position in shares of American Electric Power by 221.9% during the first quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock valued at $157,140,000 after buying an additional 1,182,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of American Electric Power by 67.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock valued at $210,055,000 after buying an additional 1,043,885 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $102.22 on Wednesday. The business’s 50-day simple moving average is $100.05 and its 200 day simple moving average is $91.97. 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 cap of $53.88 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.93 and a beta of 0.54. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-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 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 company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the previous year, the company earned $1.13 EPS. American Electric Power’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AEP shares. Scotiabank upped their target price on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays upped 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 research note on Thursday, August 1st. Guggenheim upped their target price on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $96.43.

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.