American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Secure Asset Management LLC

Secure Asset Management LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,546 shares of the company’s stock after purchasing an additional 2,178 shares during the period. Secure Asset Management LLC’s holdings in American Electric Power were worth $2,005,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after acquiring an additional 105 shares during the period. Bank of Stockton lifted its holdings in shares of American Electric Power by 2.2% during the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company’s stock worth $444,000 after acquiring an additional 111 shares during the period. First United Bank & Trust lifted its holdings in shares of American Electric Power by 17.1% during the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after acquiring an additional 112 shares during the period. Finally, Richardson Financial Services Inc. lifted its holdings in shares of American Electric Power by 3.9% during the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after acquiring an additional 115 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective on the stock. BMO Capital Markets raised their price target on shares of American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Bank of America raised their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Barclays raised their price target on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Guggenheim raised their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.14.

American Electric Power Stock Down 0.4 %

AEP stock opened at $100.91 on Friday. American Electric Power Company, Inc. has a twelve month low of $72.01 and a twelve month high of $105.18. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $53.19 billion, a P/E ratio of 18.72, a PEG ratio of 2.79 and a beta of 0.54. The firm has a 50 day simple moving average of $100.37 and a 200-day simple moving average of $93.18.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

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.