1,994 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,994 shares of the company’s stock, valued at approximately $205,000.

Several other large investors have also bought and sold shares of the stock. Plan Group Financial LLC lifted its stake in American Electric Power by 9.8% during the 3rd quarter. Plan Group Financial LLC now owns 9,762 shares of the company’s stock valued at $1,002,000 after acquiring an additional 875 shares in the last quarter. BLB&B Advisors LLC lifted its stake in American Electric Power by 4.8% during the 3rd quarter. BLB&B Advisors LLC now owns 3,205 shares of the company’s stock valued at $329,000 after acquiring an additional 146 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in American Electric Power by 2.2% during the 3rd quarter. Stanley Laman Group Ltd. now owns 5,782 shares of the company’s stock valued at $593,000 after acquiring an additional 123 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in American Electric Power by 8.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 3,672 shares of the company’s stock valued at $377,000 after acquiring an additional 279 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in American Electric Power during the 3rd quarter valued at $2,668,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Down 1.4 %

AEP stock opened at $99.39 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $52.39 billion, a PE ratio of 18.44, a PEG ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a twelve month low of $74.37 and a twelve month high of $105.18. The stock has a 50-day simple moving average of $100.60 and a two-hundred day simple moving average of $93.68.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share 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%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.74%. American Electric Power’s payout ratio is presently 65.31%.

Analysts Set New Price Targets

A number of research firms have recently commented on AEP. Guggenheim lifted their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Morgan Stanley lifted their target price on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets lifted their target price on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and an average price target of $98.43.

About American Electric Power

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.