American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Decreased by Clarius Group LLC

Clarius Group LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 4,067 shares of the company’s stock after selling 149 shares during the period. Clarius Group LLC’s holdings in American Electric Power were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its holdings in American Electric Power by 57.2% during the second 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 period. Denali Advisors LLC acquired a new position in American Electric Power during the first quarter worth about $26,000. Rise Advisors LLC acquired a new position in American Electric Power during the first quarter worth about $27,000. LRI Investments LLC acquired a new position in American Electric Power during the first quarter worth about $37,000. Finally, Briaud Financial Planning Inc grew its holdings in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AEP shares. Guggenheim lifted their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Bank of America lifted their target price on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. BMO Capital Markets lifted their price target on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley lifted their price target on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus price target of $96.79.

American Electric Power Trading Up 1.1 %

NASDAQ:AEP opened at $98.25 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power Company, Inc. has a fifty-two week low of $72.01 and a fifty-two week high of $105.18. The stock’s 50-day moving average is $100.23 and its two-hundred day moving average is $92.75. The stock has a market cap of $52.28 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the previous year, the business posted $1.13 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.58%. American Electric Power’s dividend payout ratio is 70.12%.

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.