Oppenheimer & Co. Inc. Has $3.82 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Oppenheimer & Co. Inc. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,522 shares of the company’s stock after acquiring an additional 2,271 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in American Electric Power were worth $3,819,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in American Electric Power by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 49,630,436 shares of the company’s stock worth $4,273,181,000 after acquiring an additional 405,114 shares during the period. Lazard Asset Management LLC boosted its position in American Electric Power by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock worth $739,303,000 after acquiring an additional 776,965 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of American Electric Power by 67.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock worth $210,055,000 after purchasing an additional 1,043,885 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of American Electric Power by 542.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock worth $193,541,000 after purchasing an additional 1,927,234 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of American Electric Power during the 4th quarter worth about $175,667,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.1 %

Shares of AEP stock opened at $104.17 on Monday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $104.41. The firm has a market cap of $54.91 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The stock has a 50 day moving average of $97.39 and a 200-day moving average of $90.40. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53.

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

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $0.88 dividend. The ex-dividend date was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.38%. American Electric Power’s payout ratio is 65.31%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEP shares. Morgan Stanley raised their price target on American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Barclays raised their price target on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. BMO Capital Markets raised their price target on American Electric Power from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Guggenheim raised their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.15.

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.