Ignite Planners LLC Buys 440 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Ignite Planners LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,668 shares of the company’s stock after acquiring an additional 440 shares during the quarter. Ignite Planners LLC’s holdings in American Electric Power were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Aldebaran Financial Inc. raised its holdings in American Electric Power by 4.2% in the first quarter. Aldebaran Financial Inc. now owns 2,500 shares of the company’s stock worth $249,000 after purchasing an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of American Electric Power by 2.5% during the first quarter. Great Valley Advisor Group Inc. now owns 4,157 shares of the company’s stock valued at $406,000 after acquiring an additional 100 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of American Electric Power by 2.2% during the first quarter. Bridgewater Advisors Inc. now owns 4,664 shares of the company’s stock valued at $465,000 after acquiring an additional 101 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of American Electric Power by 6.3% during the first quarter. Bogart Wealth LLC now owns 1,723 shares of the company’s stock valued at $172,000 after acquiring an additional 102 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its holdings in shares of American Electric Power by 1.8% during the first quarter. Gryphon Financial Partners LLC now owns 5,875 shares of the company’s stock valued at $586,000 after acquiring an additional 105 shares in the last quarter. 74.70% of the stock is owned by institutional investors.

American Electric Power Price Performance

NASDAQ:AEP traded down $1.42 during trading hours on Friday, reaching $97.46. The stock had a trading volume of 54,169 shares, compared to its average volume of 2,429,744. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.66 and a current ratio of 0.75. American Electric Power Company, Inc. has a 52 week low of $80.22 and a 52 week high of $105.60. The company has a 50 day moving average price of $100.41 and a two-hundred day moving average price of $98.98. The stock has a market capitalization of $50.07 billion, a PE ratio of 19.43, a PEG ratio of 3.23 and a beta of 0.34.

American Electric Power (NASDAQ:AEPGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. American Electric Power had a return on equity of 10.46% and a net margin of 14.39%. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the business earned $1.18 EPS. American Electric Power’s revenue was up 21.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 4.99 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Tuesday, August 9th. American Electric Power’s dividend payout ratio (DPR) is currently 61.30%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AEP shares. Morgan Stanley dropped their target price on American Electric Power from $118.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup raised their target price on American Electric Power from $94.00 to $99.00 in a research report on Thursday, July 28th. Credit Suisse Group lifted their price objective on American Electric Power from $103.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Finally, Evercore ISI lifted their price objective on American Electric Power to $107.00 in a research report on Monday, August 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $105.43.

American Electric Power Profile

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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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