Advisor OS LLC Buys 346 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Advisor OS LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,547 shares of the company’s stock after buying an additional 346 shares during the period. Advisor OS LLC’s holdings in American Electric Power were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AEP. DekaBank Deutsche Girozentrale raised its stake in shares of American Electric Power by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 131,773 shares of the company’s stock worth $13,528,000 after buying an additional 1,460 shares during the last quarter. abrdn plc raised its position in shares of American Electric Power by 20.5% during the 3rd quarter. abrdn plc now owns 359,708 shares of the company’s stock valued at $36,967,000 after acquiring an additional 61,267 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of American Electric Power by 113.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 6,749 shares of the company’s stock valued at $692,000 after purchasing an additional 3,580 shares during the period. Diversify Advisory Services LLC boosted its position in shares of American Electric Power by 28.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,955 shares of the company’s stock worth $295,000 after purchasing an additional 663 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of American Electric Power during the third quarter worth $203,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 0.7 %

Shares of AEP opened at $106.89 on Thursday. The firm has a market cap of $56.99 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $107.84. The firm’s 50-day simple moving average is $97.43 and its 200 day simple moving average is $98.26.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the topic of several analyst reports. Evercore ISI cut their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.00.

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.