SVB Wealth LLC Makes New $819,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

SVB Wealth LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 8,881 shares of the company’s stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at $35,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the 4th quarter valued at $35,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power in the fourth quarter worth $49,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research reports. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research 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 for the company in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $98.46.

American Electric Power Stock Up 1.6 %

American Electric Power stock opened at $107.70 on Tuesday. The firm has a market cap of $57.43 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.97 and a beta of 0.58. The firm has a fifty day moving average price of $98.28 and a two-hundred day moving average price of $98.46. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $107.84. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.45%. American Electric Power’s dividend payout ratio is currently 66.43%.

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.