Vanguard Personalized Indexing Management LLC Increases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Vanguard Personalized Indexing Management LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,709 shares of the company’s stock after buying an additional 5,498 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Electric Power were worth $4,090,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC increased its position in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of American Electric Power by 2.0% during the second quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock valued at $464,000 after acquiring an additional 105 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 acquiring an additional 111 shares during the last quarter. Richardson Financial Services Inc. increased its position in American Electric Power by 3.9% during the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after purchasing an additional 115 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in American Electric Power by 14.8% in the 2nd quarter. Addison Advisors LLC now owns 902 shares of the company’s stock valued at $79,000 after purchasing an additional 116 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 1.4 %

Shares of NASDAQ:AEP opened at $101.74 on Friday. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $105.18. The stock has a 50-day simple moving average of $98.37 and a 200-day simple moving average of $90.76. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. The stock has a market capitalization of $53.63 billion, a P/E ratio of 18.88, a PEG ratio of 2.95 and a beta of 0.54.

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

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, August 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AEP shares. Morgan Stanley raised their price target on shares of American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Bank of America boosted their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Barclays raised their price objective on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $95.15.

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.