American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Boosted by Romano Brothers AND Company

Romano Brothers AND Company grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,670 shares of the company’s stock after purchasing an additional 5,218 shares during the quarter. Romano Brothers AND Company’s holdings in American Electric Power were worth $4,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AEP. International Assets Investment Management LLC boosted its position in shares of American Electric Power by 8,396.3% during the third quarter. International Assets Investment Management LLC now owns 351,918 shares of the company’s stock worth $361,070,000 after buying an additional 347,776 shares during the period. MFA Wealth Advisors LLC increased its stake in shares of American Electric Power by 37.1% during the third quarter. MFA Wealth Advisors LLC now owns 1,208 shares of the company’s stock valued at $124,000 after acquiring an additional 327 shares during the period. Courier Capital LLC raised its stake in shares of American Electric Power by 4.2% in the 3rd quarter. Courier Capital LLC now owns 16,776 shares of the company’s stock worth $1,721,000 after buying an additional 673 shares in the last quarter. Altus Wealth Group LLC boosted its stake in American Electric Power by 4.7% during the third quarter. Altus Wealth Group LLC now owns 18,693 shares of the company’s stock valued at $1,918,000 after buying an additional 835 shares in the last quarter. Finally, Greenleaf Trust raised its position in American Electric Power by 4.0% in the third quarter. Greenleaf Trust now owns 9,377 shares of the company’s stock worth $962,000 after acquiring an additional 359 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.9 %

Shares of AEP stock opened at $100.83 on Thursday. American Electric Power Company, Inc. has a 12 month low of $73.75 and a 12 month high of $105.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market cap of $53.15 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The stock has a 50 day moving average of $100.52 and a 200-day moving average of $93.63.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same period in the prior year, the company earned $1.13 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.6 EPS for the current year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a $0.93 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.69%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Ratings Changes

Several analysts recently commented on AEP shares. Morgan Stanley increased their target price on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays upped their target price on American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Bank of America lifted their price target on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Finally, Scotiabank lifted their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.43.

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.