RD Lewis Holdings Inc. Invests $1.81 Million in American Electric Power Company, Inc. (NASDAQ:AEP)

RD Lewis Holdings Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,011 shares of the company’s stock, valued at approximately $1,807,000. American Electric Power comprises 2.1% of RD Lewis Holdings Inc.’s holdings, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEP. SouthState Corp increased its position in American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock valued at $610,000 after purchasing an additional 102 shares during the period. PSI Advisors LLC boosted its stake in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after acquiring an additional 112 shares during the period. Albion Financial Group UT lifted its stake in American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. lifted its stake in American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after acquiring an additional 112 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AEP shares. Barclays lowered their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets lowered their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the stock from $98.00 to $104.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.46.

American Electric Power Stock Performance

NASDAQ:AEP opened at $105.86 on Tuesday. The company’s 50-day moving average price is $100.80 and its 200-day moving average price is $98.91. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a market cap of $56.45 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

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

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is presently 66.43%.

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.