Encompass Wealth Advisors LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 523 shares of the company’s stock, valued at approximately $44,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in shares of American Electric Power during the third quarter worth about $785,000. AXA S.A. bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $180,000. Wealth Alliance raised its holdings in shares of American Electric Power by 30.8% in the third quarter. Wealth Alliance now owns 3,631 shares of the company’s stock valued at $297,000 after purchasing an additional 854 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of American Electric Power by 252.1% in the third quarter. Squarepoint Ops LLC now owns 28,652 shares of the company’s stock worth $2,342,000 after purchasing an additional 20,514 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in American Electric Power during the third quarter worth $362,000. Institutional investors own 75.01% of the company’s stock.
American Electric Power stock opened at $86.69 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.34 and a current ratio of 0.48. American Electric Power Company, Inc. has a 52 week low of $74.80 and a 52 week high of $94.21. The stock has a market capitalization of $43.06 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.00 and a beta of 0.22. The stock has a fifty day moving average of $81.22 and a 200-day moving average of $82.43.
American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, February 24th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. American Electric Power had a return on equity of 10.19% and a net margin of 12.82%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts forecast that American Electric Power Company, Inc. will post 4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Tuesday, February 9th. American Electric Power’s payout ratio is 69.81%.
In other American Electric Power news, Director J Barnie Beasley sold 2,048 shares of the stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $76.71, for a total value of $157,102.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Matthew Feinberg sold 11,951 shares of American Electric Power stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $75.42, for a total value of $901,344.42. Following the sale, the executive vice president now directly owns 13,325 shares in the company, valued at $1,004,971.50. The disclosure for this sale can be found here. Insiders sold 118,935 shares of company stock worth $9,204,606 in the last 90 days. Company insiders own 0.16% of the company’s stock.
Several equities analysts have recently weighed in on AEP shares. Morgan Stanley raised their price objective on American Electric Power from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 25th. The Goldman Sachs Group lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $90.00 to $83.00 in a research report on Thursday, January 14th. Mizuho began coverage on shares of American Electric Power in a research note on Monday, December 14th. They issued a “buy” rating and a $84.00 target price for the company. Edward Jones started coverage on shares of American Electric Power in a research report on Tuesday, March 16th. They set a “buy” rating on the stock. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. American Electric Power presently has an average rating of “Buy” and an average target price of $92.33.
American Electric Power Company Profile
American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.
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