Retirement Guys Formula LLC Acquires 1,034 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Retirement Guys Formula LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,783 shares of the company’s stock after acquiring an additional 1,034 shares during the period. Retirement Guys Formula LLC’s holdings in American Electric Power were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AEP. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the third quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power during the fourth quarter worth about $35,000. Reston Wealth Management LLC bought a new stake in American Electric Power during the third quarter worth about $48,000. Finally, Decker Retirement Planning Inc. bought a new stake in American Electric Power during the fourth quarter worth about $49,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of several analyst reports. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 1.0 %

Shares of NASDAQ:AEP opened at $101.88 on Wednesday. The company has a market capitalization of $54.21 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.84 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $76.31 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The business’s 50 day simple moving average is $95.26 and its 200 day simple moving average is $97.86.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

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.