Modera Wealth Management LLC Acquires 548 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Modera Wealth Management LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,402 shares of the company’s stock after purchasing an additional 548 shares during the quarter. Modera Wealth Management LLC’s holdings in American Electric Power were worth $590,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC bought a new position in shares of American Electric Power during the 4th quarter worth approximately $35,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $35,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $49,000. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

AEP has been the subject of several research reports. BMO Capital Markets cut their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Barclays cut their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Morgan Stanley dropped their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Evercore ISI decreased their price target on 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $98.46.

American Electric Power Stock Performance

American Electric Power stock opened at $105.24 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business’s 50-day moving average price is $98.53 and its two-hundred day moving average price is $98.52. The stock has a market cap of $56.12 billion, a PE ratio of 18.79, a P/E/G ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the company earned $1.23 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

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.