Magnus Financial Group LLC Buys Shares of 2,195 American Electric Power Company, Inc. (NASDAQ:AEP)

Magnus Financial Group LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,195 shares of the company’s stock, valued at approximately $225,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of American Electric Power by 0.8% in the first quarter. Vanguard Group Inc. now owns 49,630,436 shares of the company’s stock worth $4,273,181,000 after acquiring an additional 405,114 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of American Electric Power by 9.9% in the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock worth $739,303,000 after acquiring an additional 776,965 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of American Electric Power by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company’s stock worth $296,433,000 after acquiring an additional 35,769 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of American Electric Power by 542.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock worth $193,541,000 after acquiring an additional 1,927,234 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of American Electric Power by 381.9% in the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock worth $171,127,000 after acquiring an additional 1,581,734 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.7 %

AEP stock opened at $101.32 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power Company, Inc. has a 52-week low of $72.01 and a 52-week high of $105.18. The company has a 50-day moving average of $100.31 and a two-hundred day moving average of $93.12. The stock has a market capitalization of $53.41 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54.

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

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, August 9th. American Electric Power’s payout ratio is presently 65.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price target on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Guggenheim increased their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Barclays increased their target price on shares of American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.14.

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.