American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Decreased by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 726,600 shares of the company’s stock after selling 103,470 shares during the period. American Electric Power accounts for about 7.4% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 7th largest holding. Maple Brown Abbott Ltd owned about 0.14% of American Electric Power worth $74,535,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AEP. HHM Wealth Advisors LLC raised its position 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 purchasing an additional 103 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock valued at $464,000 after purchasing an additional 105 shares in the last quarter. Bank of Stockton increased its stake in American Electric Power by 2.2% during the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company’s stock valued at $444,000 after purchasing an additional 111 shares in the last quarter. Richardson Financial Services Inc. increased its stake 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 valued at $266,000 after purchasing an additional 115 shares in the last quarter. Finally, Addison Advisors LLC increased its stake in American Electric Power by 14.8% during 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 in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.4 %

AEP stock opened at $101.81 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $105.18. The business’s 50-day moving average is $100.18 and its two-hundred day moving average is $92.04. 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 market cap of $53.67 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.93 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on AEP shares. Barclays raised their price objective on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank raised their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.43.

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.