3,451 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,451 shares of the company’s stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $220,983,000. Janus Henderson Group PLC raised its stake in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after purchasing an additional 1,962,125 shares during the last quarter. State Street Corp grew its holdings in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. Zacks Investment Management bought a new stake in shares of American Electric Power in the 3rd quarter worth $80,207,000. Finally, Vanguard Group Inc. increased its stake in American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after buying an additional 763,813 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.6 %

Shares of AEP stock opened at $107.75 on Thursday. The business has a 50-day moving average price of $103.44 and a two-hundred day moving average price of $99.23. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.76. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The firm has a market cap of $57.51 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

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

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $100.77.

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.