Tyche Wealth Partners LLC Invests $422,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Tyche Wealth Partners LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,200 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors have also bought and sold shares of AEP. Apella Capital LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth $348,000. Rockline Wealth Management LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $1,982,000. Nisa Investment Advisors LLC lifted its holdings in American Electric Power by 28.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after purchasing an additional 11,065 shares in the last quarter. Nordea Investment Management AB boosted its stake in American Electric Power by 1,592.1% in the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after purchasing an additional 389,675 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in American Electric Power by 26.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock worth $190,432,000 after acquiring an additional 522,608 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AEP. Cfra reissued a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. LADENBURG THALM/SH SH lowered 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 report on Friday, March 8th. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Monday, January 22nd. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Barclays increased their target price on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus price target of $86.08.

American Electric Power Trading Up 2.2 %

NASDAQ:AEP opened at $81.24 on Thursday. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $94.73. 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 firm has a market capitalization of $42.78 billion, a P/E ratio of 19.12, a PEG ratio of 2.86 and a beta of 0.51. The company’s 50-day simple moving average is $82.62 and its 200 day simple moving average is $79.85.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.33%. American Electric Power’s dividend payout ratio is presently 82.82%.

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.