B.O.S.S. Retirement Advisors LLC Acquires 471 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

B.O.S.S. Retirement Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 15,981 shares of the company’s stock after purchasing an additional 471 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in American Electric Power were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in American Electric Power by 57.2% during 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. E Fund Management Co. Ltd. boosted its stake in American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after acquiring an additional 105 shares during the last quarter. Bank of Stockton boosted its stake in American Electric Power by 2.2% during the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company’s stock worth $444,000 after acquiring an additional 111 shares during the last quarter. First United Bank & Trust boosted its stake in American Electric Power by 17.1% during the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after acquiring an additional 112 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in American Electric Power by 3.9% during the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $101.32 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 12-month low of $72.01 and a 12-month high of $105.18. The company has a market capitalization of $53.41 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The firm’s 50 day moving average is $100.31 and its 200-day moving average is $93.12.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the company earned $1.13 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.47%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Guggenheim lifted their price target 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. Wells Fargo & Company lifted their price target on shares of American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.14.

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.