Plan Group Financial LLC Has $1.02 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Plan Group Financial LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,027 shares of the company’s stock after buying an additional 1,265 shares during the quarter. Plan Group Financial LLC’s holdings in American Electric Power were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Bank of Jackson Hole Trust bought a new position in American Electric Power in the 4th quarter worth approximately $356,000. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of American Electric Power by 9.5% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,256 shares of the company’s stock valued at $1,592,000 after buying an additional 1,501 shares during the period. Key Financial Inc raised its position in shares of American Electric Power by 16.1% during the fourth quarter. Key Financial Inc now owns 1,723 shares of the company’s stock worth $159,000 after acquiring an additional 239 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of American Electric Power during the fourth quarter valued at $35,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in American Electric Power by 8.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 38,135 shares of the company’s stock valued at $3,517,000 after acquiring an additional 2,942 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AEP. Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. UBS Group upped their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Up 0.4 %

NASDAQ:AEP opened at $102.20 on Wednesday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $105.18. The stock has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $97.96. The stock has a market cap of $54.38 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.84 and a beta of 0.58. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same period last year, the firm posted $1.23 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.64%. American Electric Power’s payout ratio is 74.55%.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.