Waldron Private Wealth LLC Has $276,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Waldron Private Wealth LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the company’s stock after purchasing an additional 516 shares during the quarter. Waldron Private Wealth LLC’s holdings in American Electric Power were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AEP. Wellington Management Group LLP boosted its stake in American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after purchasing an additional 3,589,451 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in American Electric Power by 99,268.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,804,171 shares of the company’s stock worth $266,256,000 after purchasing an additional 2,801,349 shares in the last quarter. Morgan Stanley raised its position in shares of American Electric Power by 23.7% during the fourth quarter. Morgan Stanley now owns 13,357,327 shares of the company’s stock worth $1,268,278,000 after acquiring an additional 2,560,192 shares during the last quarter. Royal Bank of Canada raised its position in shares of American Electric Power by 41.7% during the second quarter. Royal Bank of Canada now owns 7,340,523 shares of the company’s stock worth $618,073,000 after acquiring an additional 2,161,083 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of American Electric Power by 26,257.9% during the first quarter. Jane Street Group LLC now owns 1,900,930 shares of the company’s stock worth $172,966,000 after acquiring an additional 1,893,718 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 1.7 %

Shares of American Electric Power stock opened at $79.51 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market capitalization of $41.87 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.90 and a beta of 0.51. The business has a 50-day moving average of $82.54 and a two-hundred day moving average of $79.85. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.43%. American Electric Power’s dividend payout ratio is currently 82.82%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Barclays boosted their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $75.50 to $73.00 in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.15.

About American Electric Power

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.