American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Raised by Clearstead Trust LLC

Clearstead Trust LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 819 shares of the company’s stock after purchasing an additional 175 shares during the period. Clearstead Trust LLC’s holdings in American Electric Power were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. Wetzel Investment Advisors Inc. acquired a new position in American Electric Power during the fourth quarter valued at $32,000. GoalVest Advisory LLC grew its position in American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in American Electric Power in the 3rd quarter valued at approximately $36,000. JNBA Financial Advisors lifted its position in American Electric Power by 91.6% in the 3rd quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after buying an additional 229 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock traded up $0.35 during trading hours on Friday, reaching $88.60. 3,332,412 shares of the company’s stock were exchanged, compared to its average volume of 3,215,932. The stock has a market capitalization of $46.70 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.74 and a beta of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $92.88. The business has a fifty day moving average price of $84.10 and a 200-day moving average price of $80.94. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm earned $1.11 EPS. American Electric Power’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent research reports. Barclays increased their price objective on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Monday, January 22nd. LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Scotiabank increased their price target on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.14.

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.