American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,213 shares of the company’s stock after purchasing an additional 144 shares during the period. Providence Capital Advisors LLC’s holdings in American Electric Power were worth $3,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of American Electric Power by 5.4% during the third quarter. D.A. Davidson & CO. now owns 39,132 shares of the company’s stock worth $4,015,000 after buying an additional 1,990 shares during the last quarter. Townsquare Capital LLC increased its position in American Electric Power by 6.4% in the 3rd quarter. Townsquare Capital LLC now owns 46,713 shares of the company’s stock valued at $4,793,000 after acquiring an additional 2,812 shares during the period. Blueshift Asset Management LLC purchased a new stake in American Electric Power during the 3rd quarter valued at approximately $544,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of American Electric Power by 414.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 249,154 shares of the company’s stock valued at $25,563,000 after purchasing an additional 200,761 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America boosted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $100.77.

American Electric Power Stock Performance

American Electric Power stock opened at $105.15 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $56.12 billion, a P/E ratio of 18.78, a PEG ratio of 2.97 and a beta of 0.50. The stock has a fifty day moving average price of $102.58 and a 200 day moving average price of $99.13. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the business earned $1.23 earnings per share. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is currently 66.43%.

American Electric Power 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.