American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,800 shares of the company’s stock after selling 141 shares during the period. Ameritas Investment Partners Inc.’s holdings in American Electric Power were worth $1,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEP. HHM Wealth Advisors LLC raised its position in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Denali Advisors LLC acquired a new position in shares of American Electric Power during the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in American Electric Power during the first quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new stake in American Electric Power in the first quarter valued at about $29,000. Finally, LRI Investments LLC boosted its holdings in 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. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $102.15 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. 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. 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 has a fifty day moving average of $98.82 and a 200-day moving average of $91.01.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The company had revenue of $4.60 billion for 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 firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 annualized dividend and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEP. BMO Capital Markets increased their target price on American Electric Power from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. Bank of America raised their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their price objective for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, Barclays upped their target price on shares of American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.00.

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.