Retirement Guys Formula LLC Has $795,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Retirement Guys Formula LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,749 shares of the company’s stock after purchasing an additional 389 shares during the period. Retirement Guys Formula LLC’s holdings in American Electric Power were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Mitsubishi UFJ Trust & Banking Corp boosted its position in American Electric Power by 542.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock valued at $193,541,000 after buying an additional 1,927,234 shares during the last quarter. Nordea Investment Management AB boosted its position in American Electric Power by 381.9% in the 1st quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after buying an additional 1,581,734 shares during the last quarter. National Bank of Canada FI boosted its position in American Electric Power by 221.9% in the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock valued at $157,140,000 after buying an additional 1,182,451 shares during the last quarter. Zimmer Partners LP boosted its position in American Electric Power by 578.2% in the 1st quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock valued at $83,948,000 after buying an additional 831,235 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in American Electric Power in the 1st quarter valued at $67,669,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.5 %

AEP stock traded down $0.53 during midday trading on Monday, hitting $100.16. 817,659 shares of the company’s stock were exchanged, compared to its average volume of 3,128,143. The stock’s fifty day moving average price is $100.43 and its 200-day moving average price is $93.41. American Electric Power Company, Inc. has a one year low of $72.01 and a one year high of $105.18. The company has a market cap of $52.80 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65.

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

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio is 65.31%.

Wall Street Analyst Weigh In

AEP has been the topic of several recent research reports. BMO Capital Markets raised their price target on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group initiated coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Scotiabank raised their price target on 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. JPMorgan Chase & Co. raised their price target on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley raised their price target on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus price target 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.