American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 53.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,794 shares of the company’s stock after purchasing an additional 7,562 shares during the period. Ieq Capital LLC’s holdings in American Electric Power were worth $1,912,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC lifted its stake in shares of American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the period. Denali Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter worth $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the 1st quarter worth $29,000. Finally, LRI Investments LLC increased its holdings in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AEP shares. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and increased their price target for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Scotiabank increased their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets raised their target price on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Barclays raised their target price on shares of 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, Guggenheim raised their price target on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $96.00.

American Electric Power Trading Up 0.4 %

Shares of AEP stock opened at $102.15 on Monday. The stock has a market cap of $53.85 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $105.18. The firm’s 50 day moving average price is $98.82 and its two-hundred day moving average price is $91.01.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.45%. American Electric Power’s dividend payout ratio is currently 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.