American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,646 shares of the company’s stock after acquiring an additional 301 shares during the quarter. Chicago Capital LLC’s holdings in American Electric Power were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AEP. HHM Wealth Advisors LLC boosted its holdings in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Denali Advisors LLC purchased a new stake in American Electric Power during the first quarter worth about $26,000. LRI Investments LLC purchased a new stake in American Electric Power during the first quarter worth about $37,000. Briaud Financial Planning Inc boosted its holdings in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after buying an additional 150 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in American Electric Power during the first quarter worth about $41,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP opened at $100.69 on Monday. The company has a fifty day simple moving average of $100.43 and a 200 day simple moving average of $93.41. The firm has a market cap of $53.08 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a twelve month low of $72.01 and a twelve 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 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 net margin of 13.52% and a return on equity of 11.31%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $0.88 per share. 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 3.50%. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

Analysts Set New Price Targets

AEP has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday. Guggenheim upped their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Jefferies Financial Group initiated coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company upped their price target on shares of American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.