American Electric Power Company, Inc. (NASDAQ:AEP) Position Increased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 236.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,858 shares of the company’s stock after purchasing an additional 1,306 shares during the period. Catalyst Capital Advisors LLC’s holdings in American Electric Power were worth $171,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the 3rd quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power in the 4th quarter worth $35,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power in the 3rd quarter worth $48,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power in the 4th quarter worth $49,000. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Barclays lowered 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. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Trading Up 0.8 %

Shares of AEP opened at $101.83 on Tuesday. American Electric Power Company, Inc. has a 12-month low of $79.01 and a 12-month high of $105.18. The firm has a market capitalization of $54.19 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.84 and a beta of 0.58. The stock’s 50-day moving average price is $95.69 and its 200 day moving average price is $97.95. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

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.