Dimensional Fund Advisors LP Has $128.09 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Dimensional Fund Advisors LP grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,459,848 shares of the company’s stock after acquiring an additional 141,556 shares during the period. Dimensional Fund Advisors LP owned 0.28% of American Electric Power worth $128,094,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC raised its stake in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Bank of Stockton raised its position in American Electric Power by 2.2% in the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company’s stock valued at $444,000 after buying an additional 111 shares during the last quarter. Richardson Financial Services Inc. grew its position in American Electric Power by 3.9% in the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock worth $266,000 after purchasing an additional 115 shares in the last quarter. Addison Advisors LLC increased its position in shares of American Electric Power by 14.8% during the second quarter. Addison Advisors LLC now owns 902 shares of the company’s stock valued at $79,000 after acquiring an additional 116 shares during the last quarter. Finally, Bogart Wealth LLC boosted its stake in American Electric Power by 7.8% in the first quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock valued at $142,000 after acquiring an additional 119 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank upped their price target 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. BMO Capital Markets lifted their price target on American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Jefferies Financial Group started coverage on American Electric Power in a research note on Friday. They issued a “hold” rating and a $107.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. 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, the company currently has an average rating of “Hold” and an average target price of $96.00.

American Electric Power Trading Up 0.4 %

American Electric Power stock opened at $102.15 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. The firm has a market cap of $53.85 billion, a PE ratio of 18.95, a P/E/G ratio of 2.95 and a beta of 0.54. The stock’s 50 day simple moving average is $98.82 and its two-hundred day simple moving average is $91.01. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $105.18.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts anticipate that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, August 9th. American Electric Power’s payout ratio is 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.