Inceptionr LLC Acquires Shares of 2,823 American Electric Power Company, Inc. (NASDAQ:AEP)

Inceptionr LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,823 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of American Electric Power by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after purchasing an additional 19,081 shares during the last quarter. Equitable Trust Co. increased its stake in shares of American Electric Power by 15.2% during the 3rd quarter. Equitable Trust Co. now owns 15,555 shares of the company’s stock worth $1,596,000 after purchasing an additional 2,050 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of American Electric Power during the 3rd quarter worth approximately $1,208,000. Tompkins Financial Corp increased its stake in shares of American Electric Power by 14.5% during the 3rd quarter. Tompkins Financial Corp now owns 1,272 shares of the company’s stock worth $131,000 after purchasing an additional 161 shares during the last quarter. Finally, Essex Savings Bank increased its stake in shares of American Electric Power by 26.6% during the 3rd quarter. Essex Savings Bank now owns 4,274 shares of the company’s stock worth $439,000 after purchasing an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 2.0 %

Shares of NASDAQ:AEP opened at $104.62 on Monday. The firm has a fifty day moving average price of $99.21 and a two-hundred day moving average price of $98.64. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52. The company has a market cap of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate 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 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.46.

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.