RFG Bristol Wealth Advisors LLC Acquires New Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

RFG Bristol Wealth Advisors LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,451 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SouthState Corp lifted its holdings in shares of American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after purchasing an additional 102 shares during the period. PSI Advisors LLC grew its position in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after purchasing an additional 107 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after purchasing an additional 112 shares during the period. Albion Financial Group UT raised its holdings in shares of American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock worth $1,119,000 after purchasing an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AEP shares. Morgan Stanley increased their price target on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America boosted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 26th. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $100.77.

American Electric Power Trading Down 0.6 %

Shares of NASDAQ AEP opened at $107.75 on Thursday. 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 fifty-two week low of $79.16 and a fifty-two week high of $109.76. The company’s 50 day simple moving average is $103.44 and its 200 day simple moving average is $99.23. The firm has a market capitalization of $57.51 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting 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 quarter last year, the company earned $1.23 EPS. On average, 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

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.