Qsemble Capital Management LP Makes New $217,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Qsemble Capital Management LP bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,471 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its position in 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 acquiring an additional 103 shares during the last quarter. Bank of Stockton boosted its stake in shares of American Electric Power by 2.2% during the second quarter. Bank of Stockton now owns 5,062 shares of the company’s stock valued at $444,000 after purchasing an additional 111 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of American Electric Power by 3.9% in the first quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after purchasing an additional 115 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of American Electric Power by 14.8% in the second quarter. Addison Advisors LLC now owns 902 shares of the company’s stock worth $79,000 after purchasing an additional 116 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in American Electric Power by 7.8% in the 1st quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock worth $142,000 after buying an additional 119 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEP. Bank of America upped their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. BMO Capital Markets lifted their target price on American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Barclays lifted their price objective on American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Scotiabank increased their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average target price of $95.15.

American Electric Power Price Performance

NASDAQ AEP opened at $104.17 on Friday. The firm’s fifty day simple moving average is $97.39 and its two-hundred day simple moving average is $90.35. The firm has a market capitalization of $54.91 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $104.41.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $1.13 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts forecast that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, August 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

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.