Aptus Capital Advisors LLC Increases Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Aptus Capital Advisors LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,151 shares of the company's stock after acquiring an additional 2,842 shares during the quarter. Aptus Capital Advisors LLC's holdings in American Electric Power were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. SouthState Corp raised its position in American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after acquiring an additional 102 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of American Electric Power by 2.3% during the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after acquiring an additional 103 shares in the last quarter. PSI Advisors LLC raised its holdings in shares of American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after buying an additional 107 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after buying an additional 112 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in shares of American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock valued at $1,119,000 after buying an additional 112 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of American Electric Power stock traded down $2.00 on Monday, reaching $102.68. 712,054 shares of the stock were exchanged, compared to its average volume of 3,152,160. The firm has a market cap of $54.85 billion, a PE ratio of 18.32, a P/E/G ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The firm's 50 day moving average is $105.65 and its 200-day moving average is $100.26. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.62%. American Electric Power's payout ratio is 71.68%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Citigroup raised their target price on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Guggenheim raised their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $105.77.

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.