American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Providence Capital Advisors LLC

Providence Capital Advisors LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,213 shares of the company’s stock after acquiring an additional 144 shares during the period. Providence Capital Advisors LLC’s holdings in American Electric Power were worth $3,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. FMR LLC lifted its position in shares of American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. D.A. Davidson & CO. increased its stake in American Electric Power by 5.4% during the 3rd quarter. D.A. Davidson & CO. now owns 39,132 shares of the company’s stock worth $4,015,000 after buying an additional 1,990 shares during the period. Townsquare Capital LLC lifted its holdings in American Electric Power by 6.4% in the 3rd quarter. Townsquare Capital LLC now owns 46,713 shares of the company’s stock worth $4,793,000 after buying an additional 2,812 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in American Electric Power in the 3rd quarter valued at about $544,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of American Electric Power by 414.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 249,154 shares of the company’s stock valued at $25,563,000 after acquiring an additional 200,761 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEP shares. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. BMO Capital Markets lifted their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.77.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $105.15 on Friday. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The company has a market cap of $56.12 billion, a PE ratio of 18.78, a P/E/G ratio of 2.97 and a beta of 0.50. The stock has a 50 day simple moving average of $102.58 and a 200-day simple moving average of $99.13. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 quarter in the prior year, the company posted $1.23 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.54%. American Electric Power’s dividend payout ratio is presently 66.43%.

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.