Bellecapital International Ltd. Purchases 2,973 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Bellecapital International Ltd. grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 62.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,752 shares of the company’s stock after buying an additional 2,973 shares during the quarter. Bellecapital International Ltd.’s holdings in American Electric Power were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AEP. Penserra Capital Management LLC bought a new position in American Electric Power in the 1st quarter worth $27,000. EdgeRock Capital LLC bought a new position in American Electric Power in the 3rd quarter worth $27,000. Hallmark Capital Management Inc. bought a new position in American Electric Power in the 2nd quarter worth $34,000. Evoke Wealth LLC raised its holdings in American Electric Power by 508.3% in the 2nd quarter. Evoke Wealth LLC now owns 365 shares of the company’s stock worth $35,000 after purchasing an additional 305 shares during the period. Finally, Charter Oak Capital Management LLC bought a new position in American Electric Power in the 2nd quarter worth $35,000. 74.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on American Electric Power from $104.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. Guggenheim decreased their price target on American Electric Power from $109.00 to $93.00 in a report on Monday, October 24th. BMO Capital Markets raised their price target on American Electric Power from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, December 16th. Credit Suisse Group raised their price target on American Electric Power from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, December 16th. Finally, Cfra decreased their price target on American Electric Power from $105.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, October 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $101.82.

American Electric Power Price Performance

Shares of American Electric Power stock traded down $0.50 during trading on Wednesday, reaching $92.20. 67,966 shares of the stock traded hands, compared to its average volume of 2,635,617. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.83 and a beta of 0.42. The business has a fifty day simple moving average of $95.02 and a two-hundred day simple moving average of $94.13. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.79 and a quick ratio of 0.69. American Electric Power Company, Inc. has a 52-week low of $80.30 and a 52-week high of $105.60.

American Electric Power (NASDAQ:AEPGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.05. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $4.75 billion. American Electric Power had a return on equity of 10.73% and a net margin of 13.08%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.02 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.60%. American Electric Power’s dividend payout ratio is currently 68.74%.

American Electric Power Company Profile

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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