American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Kowal Investment Group LLC

Kowal Investment Group LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the company’s stock after buying an additional 383 shares during the quarter. Kowal Investment Group LLC’s holdings in American Electric Power were worth $309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its stake in American Electric Power by 6.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,099 shares of the company’s stock worth $523,000 after purchasing an additional 320 shares in the last quarter. Bfsg LLC lifted its stake in American Electric Power by 450.7% in the 3rd quarter. Bfsg LLC now owns 11,863 shares of the company’s stock worth $1,217,000 after purchasing an additional 9,709 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in American Electric Power by 3.0% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 15,981 shares of the company’s stock worth $1,640,000 after purchasing an additional 471 shares in the last quarter. Leisure Capital Management purchased a new position in American Electric Power in the 3rd quarter worth approximately $201,000. Finally, Sumitomo Life Insurance Co. lifted its stake in American Electric Power by 3.1% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 8,737 shares of the company’s stock worth $896,000 after purchasing an additional 262 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Down 0.4 %

Shares of AEP stock opened at $100.91 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $72.01 and a fifty-two week high of $105.18. The company has a 50 day moving average price of $100.37 and a 200 day moving average price of $93.18. The stock has a market capitalization of $53.19 billion, a P/E ratio of 18.72, 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 posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 earnings per share. Equities research analysts predict that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AEP shares. BMO Capital Markets raised their target price on shares of American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Scotiabank lifted their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Finally, Barclays lifted their price target on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $98.14.

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.