American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,948 shares of the company’s stock after buying an additional 254 shares during the period. TCG Advisory Services LLC’s holdings in American Electric Power were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AEP. BLB&B Advisors LLC lifted its holdings in shares of American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after acquiring an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after buying an additional 132 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after purchasing an additional 135 shares during the period. CENTRAL TRUST Co grew its holdings in shares of American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after acquiring an additional 138 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. boosted its position in American Electric Power by 3.1% during the third quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock worth $355,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP traded up $0.46 during trading on Monday, hitting $89.06. 285,288 shares of the company’s stock were exchanged, compared to its average volume of 3,730,727. The stock’s 50 day moving average price is $84.10 and its two-hundred day moving average price is $80.94. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $92.88. The company has a market cap of $46.95 billion, a PE ratio of 16.44, a P/E/G ratio of 2.74 and a beta of 0.50. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. American Electric Power’s revenue was up 6.4% on a year-over-year basis. Research analysts expect that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s payout ratio is 65.31%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Cfra reiterated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Barclays lifted their price objective on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. Finally, Wells Fargo & Company increased their price target on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $88.14.

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.