Archer Investment Corp Has $1.24 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Archer Investment Corp lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 112.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,299 shares of the company’s stock after buying an additional 8,100 shares during the period. Archer Investment Corp’s holdings in American Electric Power were worth $1,243,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in American Electric Power in the first quarter valued at $27,000. True Wealth Design LLC bought a new stake in American Electric Power during the fourth quarter valued at $28,000. Fairfield Bush & CO. bought a new stake in American Electric Power during the second quarter valued at $26,000. Chilton Capital Management LLC bought a new stake in American Electric Power during the first quarter valued at $28,000. Finally, FSC Wealth Advisors LLC boosted its position in American Electric Power by 222.0% during the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after acquiring an additional 242 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.7 %

NASDAQ AEP traded up $1.36 during trading hours on Wednesday, hitting $80.87. The company’s stock had a trading volume of 1,139,824 shares, compared to its average volume of 3,759,112. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.73. The company has a market capitalization of $42.59 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The company’s 50-day simple moving average is $82.54 and its two-hundred day simple moving average is $79.85.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 annualized dividend and a yield of 4.35%. American Electric Power’s dividend payout ratio (DPR) is 82.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Cfra reaffirmed a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. BMO Capital Markets increased their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average price target of $87.15.

American Electric Power Company 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.