International Private Wealth Advisors LLC Acquires 9,740 Shares of American Electric Power Company, Inc. $AEP

International Private Wealth Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 95.8% during the third quarter, HoldingsChannel.com reports. The firm owned 19,910 shares of the company’s stock after acquiring an additional 9,740 shares during the quarter. American Electric Power makes up about 0.9% of International Private Wealth Advisors LLC’s holdings, making the stock its 29th biggest holding. International Private Wealth Advisors LLC’s holdings in American Electric Power were worth $2,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AEP. Elevation Wealth Partners LLC boosted its stake in shares of American Electric Power by 118.0% during the second quarter. Elevation Wealth Partners LLC now owns 194 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Parvin Asset Management LLC purchased a new position in American Electric Power in the 2nd quarter worth about $27,000. Caitlin John LLC purchased a new position in American Electric Power in the 2nd quarter worth about $27,000. Premier Financial Group purchased a new position in American Electric Power in the 2nd quarter worth about $28,000. Finally, Highland Investment Advisors LLC bought a new stake in American Electric Power during the 2nd quarter valued at about $32,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 1.1%

NASDAQ:AEP opened at $129.21 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.51 and a quick ratio of 0.40. American Electric Power Company, Inc. has a 1-year low of $112.54 and a 1-year high of $140.58. The company has a 50-day moving average of $124.32 and a 200 day moving average of $128.34. The firm has a market cap of $70.36 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.62 and a beta of 0.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, October 28th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. American Electric Power had a net margin of 14.21% and a return on equity of 10.52%. The business had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 6.44 EPS for the current fiscal year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.95. This represents a $3.88 annualized dividend and a yield of 3.0%. American Electric Power’s dividend payout ratio is 62.68%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AEP shares. Barclays boosted their price objective on shares of American Electric Power from $120.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. UBS Group set a $135.00 target price on shares of American Electric Power in a research report on Monday, October 19th. BTIG Research reaffirmed a “buy” rating and set a $153.00 target price on shares of American Electric Power in a research report on Thursday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of American Electric Power from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, Morgan Stanley boosted their price target on American Electric Power from $128.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.83.

Insider Buying and Selling

In related news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 15,856 shares of the company’s stock, valued at $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

American Electric Power Company Profile

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.