American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Increased by Retirement Guys Formula LLC

Retirement Guys Formula LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,749 shares of the company’s stock after acquiring an additional 389 shares during the period. Retirement Guys Formula LLC’s holdings in American Electric Power were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEP. HHM Wealth Advisors LLC grew 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 acquiring an additional 103 shares during the last quarter. Denali Advisors LLC acquired a new position in American Electric Power in the 1st quarter worth about $26,000. LRI Investments LLC increased its position in American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after purchasing an additional 365 shares during the last quarter. Briaud Financial Planning Inc increased its position in American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in American Electric Power in the 1st quarter worth about $41,000. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several research reports. Barclays upped their target price on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday. Guggenheim upped their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Jefferies Financial Group assumed coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 price target for the company. Finally, Wells Fargo & Company upped their price target 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average target price of $98.43.

American Electric Power Price Performance

Shares of AEP traded down $0.53 during mid-day trading on Monday, reaching $100.16. The company had a trading volume of 817,659 shares, compared to its average volume of 3,128,143. American Electric Power Company, Inc. has a twelve month low of $72.01 and a twelve month high of $105.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The company’s 50-day moving average is $100.43 and its 200-day moving average is $93.41. The company has a market capitalization of $52.80 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.79 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (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 period in the prior year, the firm posted $1.13 EPS. American Electric Power’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued 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 yield of 3.51%. American Electric Power’s dividend payout ratio is 65.31%.

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.