RWC Asset Management LLP Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

RWC Asset Management LLP purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 131,601 shares of the company’s stock, valued at approximately $12,138,000.

A number of other institutional investors also recently bought and sold shares of AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC purchased a new position in American Electric Power during the 4th quarter valued at $35,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power in the 4th quarter valued at $35,000. Finally, Reston Wealth Management LLC purchased a new stake in American Electric Power in the third quarter worth $48,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.9 %

Shares of NASDAQ AEP opened at $105.33 on Monday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $105.73. The business has a fifty day moving average price of $96.51 and a 200 day moving average price of $98.07. The stock has a market capitalization of $56.16 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. 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 (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the business earned $1.23 earnings per share. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEP. Wells Fargo & Company lowered their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Barclays reduced their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $98.00.

About American Electric Power

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.