Wulff Hansen & CO. Has $26.37 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Wulff Hansen & CO. grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8,674.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,510 shares of the company’s stock after acquiring an additional 297,085 shares during the quarter. Wulff Hansen & CO. owned 0.06% of American Electric Power worth $26,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HHM Wealth Advisors LLC increased its position in 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 in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $26,000. Denali Advisors LLC bought a new stake in shares of American Electric Power during the first quarter worth $26,000. Rise Advisors LLC acquired a new position in shares of American Electric Power during the first quarter worth $27,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of American Electric Power in the 1st quarter valued at $29,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. BMO Capital Markets upped their price objective on American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Barclays raised their price objective on shares of American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Scotiabank boosted their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. 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 research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.15.

American Electric Power Trading Up 0.7 %

NASDAQ:AEP opened at $104.95 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $105.18. The firm’s fifty day moving average is $97.74 and its 200-day moving average is $90.54. The firm has a market cap of $55.32 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.35%. American Electric Power’s payout ratio is currently 65.31%.

About American Electric Power

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.