M Holdings Securities Inc. Purchases 3,976 Shares of American Electric Power Company, Inc. $AEP

M Holdings Securities Inc. bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,976 shares of the company’s stock, valued at approximately $517,000.

A number of other large investors also recently modified their holdings of AEP. Brighton Jones LLC grew its holdings in shares of American Electric Power by 4.5% during the 3rd quarter. Brighton Jones LLC now owns 19,254 shares of the company’s stock worth $2,284,000 after purchasing an additional 828 shares in the last quarter. Ethic Inc. raised its stake in shares of American Electric Power by 10.0% in the third quarter. Ethic Inc. now owns 15,821 shares of the company’s stock valued at $1,877,000 after purchasing an additional 1,436 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of American Electric Power by 6.4% in the third quarter. Pictet Asset Management Holding SA now owns 2,957,260 shares of the company’s stock valued at $350,849,000 after purchasing an additional 178,798 shares in the last quarter. Parallel Advisors LLC lifted its position in American Electric Power by 5.2% in the third quarter. Parallel Advisors LLC now owns 10,537 shares of the company’s stock worth $1,250,000 after purchasing an additional 524 shares during the period. Finally, United Advisor Group LLC bought a new position in American Electric Power in the third quarter worth $219,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. UBS Group set a $135.00 price target on shares of American Electric Power in a research note on Monday, October 19th. HSBC began coverage on shares of American Electric Power in a report on Thursday, October 22nd. They set a “buy” rating and a $145.90 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Mizuho lowered their target price on shares of American Electric Power from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Sixteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.83.

Check Out Our Latest Research Report on AEP

Insider Activity at American Electric Power

In other news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $127.84 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40. The company has a market capitalization of $69.61 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.63 and a beta of 0.46. American Electric Power Company, Inc. has a one year low of $112.54 and a one year high of $140.58. The business has a 50 day simple moving average of $124.19 and a 200 day simple moving average of $128.28.

American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.04 by $0.19. American Electric Power had a return on equity of 10.52% and a net margin of 14.21%. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. American Electric Power’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.44 EPS for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $0.97 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.88 annualized dividend and a dividend yield of 3.0%. This is a boost from American Electric Power’s previous quarterly dividend of $0.95. American Electric Power’s dividend payout ratio is presently 61.39%.

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About American Electric Power

(Free Report)

American Electric Power Company, Inc. (NASDAQ:AEP) is an electric utility holding company based in Columbus, Ohio. Through its regulated utility subsidiaries, it generates or purchases electricity and delivers power to residential, commercial and industrial customers. AEP’s operations include electric generation, transmission and distribution, with service territories across 11 states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

See Also

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

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