American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,920 shares of the company’s stock after buying an additional 729 shares during the quarter. Crestwood Advisors Group LLC’s holdings in American Electric Power were worth $730,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power in the third quarter valued at about $33,000. Kestra Investment Management LLC purchased a new position in American Electric Power in the fourth quarter valued at about $35,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power during the fourth quarter worth about $35,000. Finally, Reston Wealth Management LLC bought a new stake in American Electric Power in the third quarter valued at about $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 1.3 %

American Electric Power stock opened at $107.70 on Wednesday. The stock has a market cap of $57.43 billion, a P/E ratio of 19.23, a P/E/G ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $107.84. The company’s fifty day simple moving average is $97.11 and its 200-day simple moving average is $98.20. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting 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 period in the previous year, the firm earned $1.23 earnings per share. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEP shares. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Morgan Stanley dropped their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays dropped their price target 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. BMO Capital Markets cut their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

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.