Silver Oak Securities Incorporated Buys 389 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Silver Oak Securities Incorporated raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,544 shares of the company’s stock after purchasing an additional 389 shares during the quarter. Silver Oak Securities Incorporated’s holdings in American Electric Power were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in American Electric Power during the fourth quarter valued at approximately $32,000. GoalVest Advisory LLC raised its stake in shares of American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after acquiring an additional 320 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of American Electric Power during the third quarter worth approximately $36,000. JNBA Financial Advisors raised its stake in shares of American Electric Power by 91.6% during the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of American Electric Power during the third quarter worth approximately $38,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 2.5 %

Shares of NASDAQ AEP opened at $88.15 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $92.89. The firm has a market capitalization of $46.42 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The firm has a fifty day simple moving average of $83.85 and a two-hundred day simple moving average of $80.72.

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 the consensus estimate of $1.25 by $0.02. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the business earned $1.11 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.99%. American Electric Power’s payout ratio is 82.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on AEP shares. BMO Capital Markets lifted their price target on shares of American Electric Power from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.50 to $73.00 in a research note 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. Wells Fargo & Company lifted their target price on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Thursday, January 11th. Two 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. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average price target of $87.07.

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.