EdgeRock Capital LLC Buys Shares of 569 American Electric Power Company, Inc. (NASDAQ:AEP)

EdgeRock Capital LLC purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 569 shares of the company’s stock, valued at approximately $45,000.

Other large investors have also made changes to their positions in the company. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after acquiring an additional 131 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after buying an additional 132 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in American Electric Power by 2.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after buying an additional 135 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after buying an additional 138 shares during 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. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP stock traded up $0.71 during trading hours on Wednesday, hitting $90.58. The company had a trading volume of 2,051,962 shares, compared to its average volume of 3,731,253. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $92.10. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The firm’s fifty day moving average is $84.37 and its 200 day moving average is $81.16. The firm has a market capitalization of $47.75 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.74 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued 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. 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 during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Announces Dividend

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 dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

Several equities analysts have commented on AEP shares. Cfra reiterated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Scotiabank boosted their target price on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 1st. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. BMO Capital Markets increased their target price on American Electric Power from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Barclays lifted their price target on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Electric Power 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.