Baron Silver Stevens Financial Advisors LLC Makes New $203,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Baron Silver Stevens Financial Advisors LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,977 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently modified their holdings of the stock. JFS Wealth Advisors LLC lifted its position in American Electric Power by 521.8% during the third quarter. JFS Wealth Advisors LLC now owns 8,326 shares of the company’s stock worth $854,000 after acquiring an additional 6,987 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of American Electric Power by 23.2% during the third quarter. Pinnacle Associates Ltd. now owns 40,710 shares of the company’s stock worth $4,177,000 after purchasing an additional 7,665 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in American Electric Power by 24.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 19,780 shares of the company’s stock worth $2,029,000 after purchasing an additional 3,886 shares during the last quarter. Trajan Wealth LLC grew its holdings in American Electric Power by 0.4% in the 3rd quarter. Trajan Wealth LLC now owns 46,168 shares of the company’s stock valued at $4,737,000 after buying an additional 166 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its position in American Electric Power by 5.6% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 8,174 shares of the company’s stock worth $839,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 1.4 %

Shares of NASDAQ:AEP opened at $98.75 on Friday. American Electric Power Company, Inc. has a 52-week low of $74.73 and a 52-week high of $105.18. The company has a market capitalization of $52.55 billion, a PE ratio of 19.67, 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. The company has a fifty day moving average of $100.70 and a 200-day moving average of $94.23.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.77%. American Electric Power’s dividend payout ratio (DPR) is currently 74.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AEP shares. Barclays boosted their target price 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, October 15th. Wells Fargo & Company raised their target price on shares of American Electric Power from $98.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Bank of America boosted their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Morgan Stanley raised their price objective on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.43.

American Electric Power Company 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.