Edgestream Partners L.P. Invests $1.36 Million in American Electric Power Company, Inc. (NASDAQ:AEP)

Edgestream Partners L.P. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,445 shares of the company’s stock, valued at approximately $1,355,000.

Several other hedge funds also recently made changes to their positions in AEP. HHM Wealth Advisors LLC grew its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of American Electric Power during the 4th quarter worth approximately $26,000. Denali Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of American Electric Power during the 1st quarter worth approximately $29,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank raised their target price on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their target price for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, Jefferies Financial Group assumed coverage on shares of American Electric Power in a research note on Friday. They issued a “hold” rating and a $107.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $96.00.

American Electric Power Trading Up 0.4 %

NASDAQ AEP opened at $102.15 on Friday. The firm has a market capitalization of $53.85 billion, a P/E ratio of 18.95, a PEG ratio of 2.95 and a beta of 0.54. The business has a fifty day simple moving average of $98.82 and a 200 day simple moving average of $90.96. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $105.18. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

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.