2,010 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,010 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in American Electric Power in the 1st quarter worth $1,731,000. Nordea Investment Management AB boosted its position in shares of American Electric Power by 381.9% during the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock worth $171,127,000 after buying an additional 1,581,734 shares during the period. Mizuho Markets Americas LLC grew its holdings in shares of American Electric Power by 646.9% during the first quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock worth $22,510,000 after buying an additional 226,435 shares in the last quarter. ProShare Advisors LLC raised its position in American Electric Power by 21.7% in the 1st quarter. ProShare Advisors LLC now owns 582,692 shares of the company’s stock valued at $50,170,000 after buying an additional 103,771 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in American Electric Power by 60.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock valued at $4,285,000 after acquiring an additional 18,726 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $98.75 on Friday. The company has a market cap of $52.55 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.79 and a beta of 0.54. The firm’s fifty day moving average price is $100.70 and its two-hundred day moving average price is $94.23. American Electric Power Company, Inc. has a one year low of $74.73 and a one year high of $105.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48.

American Electric Power (NASDAQ:AEP) last announced 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 for the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 EPS. Equities analysts expect that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is 74.10%.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Wells Fargo & Company lifted their target price on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America increased their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, Guggenheim boosted their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.43.

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.