FWG Holdings LLC Purchases 818 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

FWG Holdings LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,957 shares of the company’s stock after buying an additional 818 shares during the quarter. FWG Holdings LLC’s holdings in American Electric Power were worth $294,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power during the third quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $35,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of American Electric Power in the 4th quarter worth approximately $49,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $104.62 on Monday. The stock has a market capitalization of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The business’s fifty day moving average price is $99.21 and its 200-day moving average price is $98.64.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the business earned $1.23 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 annualized dividend and a yield of 3.56%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets dropped their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the company from $98.00 to $104.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $98.46.

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.