Modera Wealth Management LLC Acquires 548 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Modera Wealth Management LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,402 shares of the company’s stock after buying an additional 548 shares during the quarter. Modera Wealth Management LLC’s holdings in American Electric Power were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth about $33,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power in the 4th quarter worth about $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power in the 4th quarter worth about $35,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power in the 4th quarter worth about $49,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $105.24 on Wednesday. The company has a market cap of $56.12 billion, a PE ratio of 18.79, a PEG ratio of 2.97 and a beta of 0.58. The company’s 50-day moving average is $98.53 and its two-hundred day moving average is $98.52. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the business posted $1.23 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company 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 $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.53%. American Electric Power’s dividend payout ratio is 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the topic of several analyst reports. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets reduced their price target on shares of 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. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Evercore ISI reduced their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.46.

American Electric Power 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.