Oxbow Advisors LLC Purchases New Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Oxbow Advisors LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, HoldingsChannel reports. The firm purchased 30,622 shares of the company’s stock, valued at approximately $2,824,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the 3rd quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in American Electric Power in the 4th quarter worth about $35,000. Kestra Investment Management LLC acquired a new stake in American Electric Power in the 4th quarter worth about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in American Electric Power in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Barclays lowered their target price on 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 upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group boosted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.9 %

AEP stock opened at $105.33 on Friday. The firm has a market cap of $56.16 billion, a PE ratio of 18.81, a PEG ratio of 2.91 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. The firm’s 50 day moving average price is $96.51 and its 200-day moving average price is $98.09. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $105.73.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting 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 last year, the firm posted $1.23 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, February 10th. American Electric Power’s 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.