American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,927 shares of the company’s stock after purchasing an additional 35,491 shares during the period. Sei Investments Co. owned 0.07% of American Electric Power worth $32,195,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Congress Wealth Management LLC DE grew its position in American Electric Power by 124.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,235 shares of the company’s stock worth $507,000 after acquiring an additional 3,457 shares in the last quarter. Cape Investment Advisory Inc. increased its position in American Electric Power by 116.3% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,774 shares of the company’s stock worth $144,000 after buying an additional 954 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in American Electric Power by 24.7% during the fourth quarter. Hilltop Holdings Inc. now owns 7,567 shares of the company’s stock valued at $615,000 after buying an additional 1,499 shares in the last quarter. Heritage Wealth Advisors lifted its position in shares of American Electric Power by 94.3% in the fourth quarter. Heritage Wealth Advisors now owns 1,063 shares of the company’s stock worth $86,000 after buying an additional 516 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of American Electric Power by 11.1% during the 4th quarter. Parallel Advisors LLC now owns 6,240 shares of the company’s stock worth $507,000 after acquiring an additional 621 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

NASDAQ:AEP opened at $102.53 on Tuesday. 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 company has a 50-day moving average of $98.82 and a 200-day moving average of $91.06. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $105.18. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 19.02, 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 for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.74 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued 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 3.43%. American Electric Power’s payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday. They issued a “hold” rating and a $107.00 target price on the stock. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Morgan Stanley lifted their price objective on American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Guggenheim increased their target price on American Electric Power from $81.00 to $83.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.00.

About American Electric Power

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.