SevenBridge Financial Group LLC Has $233,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

SevenBridge Financial Group LLC decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,289 shares of the company’s stock after selling 234 shares during the period. SevenBridge Financial Group LLC’s holdings in American Electric Power were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AEP. Raymond James Financial Inc. acquired a new stake in American Electric Power during the 4th quarter worth about $220,983,000. Janus Henderson Group PLC boosted its stake in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp grew its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. Zacks Investment Management bought a new stake in American Electric Power in the third quarter valued at $80,207,000. Finally, Vanguard Group Inc. raised its holdings in shares of American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after purchasing an additional 763,813 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $107.75 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.76. The company’s 50-day moving average is $103.44 and its 200 day moving average is $99.23. 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 company has a market capitalization of $57.51 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates 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 prior year, the company posted $1.23 earnings per share. On average, equities research 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 company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AEP. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Finally, 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average price target of $100.77.

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.