Janney Montgomery Scott LLC Has $11.82 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Janney Montgomery Scott LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,542 shares of the company’s stock after buying an additional 779 shares during the period. Janney Montgomery Scott LLC’s holdings in American Electric Power were worth $11,821,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AEP. Wellington Management Group LLP raised its holdings in shares of American Electric Power by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after acquiring an additional 3,589,451 shares during the last quarter. Morgan Stanley lifted its holdings in shares of American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after purchasing an additional 587,145 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of American Electric Power by 13.7% in the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after purchasing an additional 1,181,706 shares in the last quarter. Royal Bank of Canada boosted its position in shares of American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock valued at $580,308,000 after buying an additional 374,300 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in American Electric Power by 18.1% during the third quarter. Lazard Asset Management LLC now owns 4,311,429 shares of the company’s stock worth $324,304,000 after buying an additional 660,599 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AEP. Royal Bank of Canada boosted their target price on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Scotiabank increased their price target on shares of American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 1st. Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Monday, January 22nd. Finally, LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the company from $75.50 to $73.00 in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.43.

Get Our Latest Analysis on AEP

American Electric Power Trading Up 0.1 %

AEP stock opened at $92.67 on Friday. The company has a market capitalization of $48.85 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.84 and a beta of 0.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $92.97. The company’s 50 day moving average price is $85.54 and its two-hundred day moving average price is $81.99.

American Electric Power (NASDAQ:AEPGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the business posted $1.11 EPS. American Electric Power’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.80%. American Electric Power’s dividend payout ratio is presently 65.31%.

American Electric Power Profile

(Free Report)

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.

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

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