American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.9% in the third quarter, Holdings Channel.com reports. The fund owned 61,623 shares of the company’s stock after selling 556 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $6,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. HHM Wealth Advisors LLC grew its stake in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $37,000. Briaud Financial Planning Inc boosted its holdings in American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Friedenthal Financial acquired a new position in American Electric Power during the 3rd quarter worth $50,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in American Electric Power during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $98.75 on Friday. 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 company has a 50-day moving average price of $100.70 and a 200 day moving average price of $94.23. American Electric Power Company, Inc. has a 52 week low of $74.73 and a 52 week high of $105.18. The company has a market cap of $52.55 billion, a P/E ratio of 19.67, a PEG ratio of 2.79 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data 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 analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s 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. Research analysts predict that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.77%. American Electric Power’s dividend payout ratio (DPR) is 74.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEP. Scotiabank upped 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 research note on Tuesday, August 20th. Wells Fargo & Company boosted their target price on American Electric Power from $98.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their price target on shares of 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. raised their price objective on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group initiated coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price for the company. Two equities 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.43.

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.