Waldron Private Wealth LLC Acquires 279 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Waldron Private Wealth LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,672 shares of the company’s stock after buying an additional 279 shares during the quarter. Waldron Private Wealth LLC’s holdings in American Electric Power were worth $377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. HHM Wealth Advisors LLC boosted its stake 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 valued at $25,000 after purchasing an additional 103 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of American Electric Power by 2.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock valued at $464,000 after purchasing an additional 105 shares in the last quarter. Bank of Stockton boosted its stake in shares of American Electric Power by 2.2% in the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company’s stock valued at $444,000 after purchasing an additional 111 shares in the last quarter. First United Bank & Trust boosted its stake in shares of American Electric Power by 17.1% in the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock valued at $79,000 after purchasing an additional 112 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in shares of American Electric Power by 3.9% in the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock valued at $266,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $99.89 on Wednesday. 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 stock has a market cap of $52.65 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The stock has a 50-day moving average of $100.49 and a 200-day moving average of $93.52. American Electric Power Company, Inc. has a one year low of $72.01 and a one year high of $105.18.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The company 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.72%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is presently 65.31%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets upped their price target on shares of American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Guggenheim upped their price target on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned 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.

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.