Concurrent Investment Advisors LLC Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Concurrent Investment Advisors LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,250 shares of the company’s stock after buying an additional 227 shares during the period. Concurrent Investment Advisors LLC’s holdings in American Electric Power were worth $2,052,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power in the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new stake in shares of American Electric Power in the 4th quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $48,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AEP shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Evercore ISI dropped their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Barclays dropped their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. Finally, 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 report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Up 0.9 %

Shares of NASDAQ:AEP opened at $105.33 on Friday. The stock has a market cap of $56.16 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.91 and a beta of 0.58. The firm has a fifty day moving average price of $96.51 and a 200 day moving average price of $98.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $105.73.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the company posted $1.23 earnings per share. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.53%. American Electric Power’s payout ratio is currently 66.43%.

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.