U.S. Capital Wealth Advisors LLC Purchases 64,880 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

U.S. Capital Wealth Advisors LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,122 shares of the company’s stock after acquiring an additional 64,880 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in American Electric Power were worth $12,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares during the last quarter. Morgan Stanley grew its position in American Electric Power by 4.1% during the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after buying an additional 587,145 shares in the last quarter. Invesco Ltd. grew its position in American Electric Power by 13.7% during the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after buying an additional 1,181,706 shares in the last quarter. Royal Bank of Canada increased its stake in American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock valued at $580,308,000 after acquiring an additional 374,300 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in American Electric Power by 2.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,428,035 shares of the company’s stock valued at $333,077,000 after acquiring an additional 98,897 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.4 %

AEP stock traded up $0.35 during mid-day trading on Friday, hitting $88.60. 3,332,412 shares of the company were exchanged, compared to its average volume of 3,215,932. The firm has a market cap of $46.70 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.74 and a beta of 0.50. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $92.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.36 and a current ratio of 0.54. The firm’s 50 day simple moving average is $84.10 and its 200 day simple moving average is $80.86.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Monday, January 22nd. Cfra reissued a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Scotiabank increased their price target on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $88.14.

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.