Everpar Advisors LLC Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Everpar Advisors LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,687 shares of the company’s stock, valued at approximately $868,000.

Other large investors also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in American Electric Power in the 4th quarter worth about $32,000. GoalVest Advisory LLC increased its stake in American Electric Power by 304.8% during the 4th quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after buying an additional 320 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in American Electric Power during the 3rd quarter worth approximately $36,000. JNBA Financial Advisors increased its stake in American Electric Power by 91.6% during the 3rd quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after buying an additional 229 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in American Electric Power during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEP. Scotiabank boosted their price objective on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 1st. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the company from $75.50 to $73.00 in a research report on Friday, March 8th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.14.

American Electric Power Trading Up 0.8 %

NASDAQ:AEP traded up $0.71 during trading hours on Wednesday, reaching $90.58. 2,051,962 shares of the stock were exchanged, compared to its average volume of 3,731,253. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of $84.37 and a two-hundred day moving average of $81.16. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $92.10. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.74 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.11 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

American Electric Power 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.