American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,108 shares of the company’s stock after acquiring an additional 2,050 shares during the quarter. First Horizon Advisors Inc.’s holdings in American Electric Power were worth $13,410,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC boosted its stake in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after purchasing an additional 131 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of American Electric Power by 4.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after acquiring an additional 132 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of American Electric Power by 2.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after acquiring an additional 135 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after acquiring an additional 138 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. boosted its stake in shares of American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock worth $355,000 after acquiring an additional 140 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEP. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note on Thursday, January 11th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Cfra restated a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Wells Fargo & Company increased their target price on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Scotiabank increased their target price on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $87.36.

American Electric Power Stock Performance

Shares of AEP traded down $0.40 on Thursday, reaching $87.75. 752,165 shares of the stock traded hands, compared to its average volume of 3,753,423. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 3.02 and a beta of 0.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.36. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $92.88. The stock’s 50-day moving average price is $83.85 and its 200-day moving average price is $80.72.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. American Electric Power’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Equities analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 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.