2,399 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,399 shares of the company’s stock, valued at approximately $246,000.

A number of other large investors 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% in the second 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. Denali Advisors LLC purchased a new stake in American Electric Power during the 1st quarter valued at $26,000. Rise Advisors LLC purchased a new position in American Electric Power during the first quarter worth $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the first quarter valued at $29,000. Finally, LRI Investments LLC grew its holdings in American Electric Power by 935.9% during 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 during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEP. Guggenheim increased their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Scotiabank lifted their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed 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 target on the stock. Morgan Stanley lifted their price objective on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets upped their target price on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.79.

American Electric Power Stock Performance

NASDAQ:AEP opened at $98.06 on Tuesday. The company has a market cap of $51.69 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.93 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 52 week low of $72.01 and a 52 week high of $105.18. The company has a fifty day simple moving average of $100.37 and a two-hundred day simple moving average of $92.36.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 yield of 3.59%. American Electric Power’s dividend payout ratio is presently 65.31%.

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.