American Electric Power Company Inc (AEP) Stake Raised by Captrust Financial Advisors

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Captrust Financial Advisors lifted its holdings in American Electric Power Company Inc (NYSE:AEP) by 73.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,362 shares of the utilities provider’s stock after buying an additional 9,487 shares during the quarter. Captrust Financial Advisors’ holdings in American Electric Power were worth $1,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AEP. SevenBridge Financial Group LLC purchased a new stake in shares of American Electric Power in the third quarter worth approximately $136,000. Private Capital Group LLC raised its holdings in shares of American Electric Power by 83.9% in the third quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock worth $147,000 after buying an additional 950 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of American Electric Power by 59.4% in the second quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock worth $152,000 after buying an additional 799 shares during the period. Girard Partners LTD. purchased a new stake in shares of American Electric Power in the third quarter worth approximately $156,000. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of American Electric Power in the third quarter worth approximately $178,000. Hedge funds and other institutional investors own 72.67% of the company’s stock.

Shares of NYSE:AEP opened at $77.26 on Wednesday. American Electric Power Company Inc has a 52-week low of $62.71 and a 52-week high of $81.05. The company has a market capitalization of $38.13 billion, a P/E ratio of 20.99, a PEG ratio of 3.42 and a beta of 0.01. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, October 25th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.26 billion. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. During the same quarter last year, the firm earned $1.10 EPS. As a group, equities research analysts predict that American Electric Power Company Inc will post 3.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 10th. Shareholders of record on Friday, November 9th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.62. American Electric Power’s dividend payout ratio (DPR) is 72.83%.

Several research analysts recently issued reports on AEP shares. Wells Fargo & Co increased their price objective on American Electric Power from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Morgan Stanley reissued an “overweight” rating on shares of American Electric Power in a research note on Wednesday, September 12th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Monday, September 10th. They noted that the move was a valuation call. Bank of America increased their price objective on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, Citigroup increased their price objective on American Electric Power from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, September 10th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.56.

In other American Electric Power news, insider Paul Chodak III sold 847 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total transaction of $64,770.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lisa M. Barton sold 881 shares of the stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $77.55, for a total value of $68,321.55. Following the sale, the insider now directly owns 581 shares in the company, valued at approximately $45,056.55. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

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American Electric Power 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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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