Simplicity Wealth LLC Makes New Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Simplicity Wealth LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) in the 1st quarter, HoldingsChannel reports. The fund purchased 18,265 shares of the company’s stock, valued at approximately $1,573,000.

Other institutional investors have also recently made changes to their positions in the company. Personal CFO Solutions LLC increased its position in shares of American Electric Power by 2.5% during the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after purchasing an additional 130 shares during the last quarter. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after acquiring an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of 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 worth $237,000 after acquiring an additional 132 shares in the last quarter. Southland Equity Partners LLC lifted its holdings in shares of American Electric Power by 4.2% in the 1st quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock worth $284,000 after acquiring an additional 133 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of analyst reports. Cfra reiterated a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $75.50 to $73.00 in a report on Friday, March 8th. BMO Capital Markets increased their target price on American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Royal Bank of Canada lifted their price target 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. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.43.

Get Our Latest Stock Analysis on American Electric Power

American Electric Power Trading Down 0.1 %

American Electric Power stock traded down $0.08 during mid-day trading on Monday, reaching $92.59. 1,725,136 shares of the company traded hands, compared to its average volume of 3,624,436. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $92.97. The firm has a market capitalization of $48.81 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.86 and a beta of 0.50. The firm’s 50 day moving average price is $85.71 and its 200 day moving average price is $82.17.

American Electric Power (NASDAQ:AEPGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. American Electric Power’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

American Electric Power Company 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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