3,182 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,182 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC grew its position in American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after buying an additional 3,288 shares during the period. Secure Asset Management LLC grew its position in shares of American Electric Power by 22.4% during the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after acquiring an additional 4,370 shares during the period. Grove Bank & Trust increased its stake in shares of American Electric Power by 436.9% during the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after purchasing an additional 5,771 shares during the last quarter. J2 Capital Management Inc bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $419,000. Finally, Principal Financial Group Inc. lifted its stake in American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after purchasing an additional 19,081 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 2.0 %

Shares of NASDAQ:AEP opened at $104.62 on Friday. The company has a market cap of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52. The firm has a fifty day moving average price of $99.21 and a two-hundred day moving average price of $98.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the business earned $1.23 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AEP shares. Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Morgan Stanley lowered their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.46.

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.