Belpointe Asset Management LLC Takes $257,000 Position in American Electric Power Company Inc (AEP)

Belpointe Asset Management LLC acquired a new stake in shares of American Electric Power Company Inc (NYSE:AEP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,654 shares of the utilities provider’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Thompson Davis & CO. Inc. boosted its position in American Electric Power by 0.3% during the second quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 6 shares during the last quarter. Vantage Investment Advisors LLC boosted its position in American Electric Power by 0.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 17 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in American Electric Power during the third quarter valued at $140,000. WFG Advisors LP boosted its position in American Electric Power by 36.3% during the second quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 543 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in American Electric Power during the second quarter valued at $147,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Inc (AEP) opened at $76.54 on Monday. American Electric Power Company Inc has a 1-year low of $61.82 and a 1-year high of $78.07. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $37,648.88, a PE ratio of 21.99, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. equities research analysts anticipate that American Electric Power Company Inc will post 3.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a $0.62 dividend. The ex-dividend date was Thursday, November 9th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.24%. American Electric Power’s payout ratio is presently 64.92%.

Several equities analysts have weighed in on AEP shares. KeyCorp restated a “buy” rating and set a $73.00 target price on shares of American Electric Power in a report on Friday, September 1st. Royal Bank of Canada restated a “hold” rating and set a $71.00 target price on shares of American Electric Power in a report on Monday, September 4th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.82.

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American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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