RWA Wealth Partners LLC Has $1.31 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

RWA Wealth Partners LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 227.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,093 shares of the company's stock after purchasing an additional 11,184 shares during the quarter. RWA Wealth Partners LLC's holdings in American Electric Power were worth $1,307,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BLB&B Advisors LLC lifted its stake in American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company's stock worth $277,000 after purchasing an additional 131 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company's stock worth $237,000 after purchasing an additional 132 shares in the last quarter. CENTRAL TRUST Co lifted its stake in American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company's stock valued at $1,186,000 after buying an additional 138 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its stake in American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company's stock worth $355,000 after purchasing an additional 140 shares during the period. Finally, Nicolet Advisory Services LLC increased its position in American Electric Power by 5.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company's stock valued at $220,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. UBS Group lowered American Electric Power from a "neutral" rating to a "sell" rating and dropped their target price for the company from $86.00 to $83.00 in a report on Monday, March 11th. Barclays raised their target price on shares of American Electric Power from $83.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Mizuho downgraded shares of American Electric Power from a "buy" rating to a "neutral" rating and set a $83.00 price objective for the company. in a research report on Thursday, January 11th. BMO Capital Markets increased their price objective on American Electric Power from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 27th. Finally, Guggenheim cut 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 research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and a consensus target price of $86.08.

American Electric Power Trading Up 0.6 %

NASDAQ AEP traded up $0.49 during mid-day trading on Thursday, reaching $86.86. 3,239,601 shares of the stock were exchanged, compared to its average volume of 3,767,831. The business's fifty day simple moving average is $83.45 and its 200 day simple moving average is $80.33. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market capitalization of $45.74 billion, a PE ratio of 20.44, a PEG ratio of 3.02 and a beta of 0.51. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.21.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the company earned $1.05 EPS. The company's revenue was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.55 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.05%. American Electric Power's dividend payout ratio is currently 82.82%.

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.