RWA Wealth Partners LLC Buys 11,184 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

RWA Wealth Partners LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 227.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,093 shares of the company’s stock after purchasing an additional 11,184 shares during the period. RWA Wealth Partners LLC’s holdings in American Electric Power were worth $1,307,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after purchasing an additional 3,589,451 shares during the last quarter. Morgan Stanley increased its position in shares of American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after purchasing an additional 587,145 shares during the last quarter. Invesco Ltd. increased its position in shares of American Electric Power by 13.7% in the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after purchasing an additional 1,181,706 shares during the last quarter. Royal Bank of Canada increased its position in shares of American Electric Power by 5.1% in the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after purchasing an additional 374,300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of American Electric Power by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,428,035 shares of the company’s stock worth $333,077,000 after purchasing an additional 98,897 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AEP. BMO Capital Markets upped their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Scotiabank reduced their price target on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research report on Monday. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Barclays increased their price target on shares of American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.08.

American Electric Power Stock Performance

NASDAQ:AEP opened at $86.37 on Thursday. The firm has a market cap of $45.48 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $94.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The business has a 50 day moving average price of $83.34 and a 200-day moving average price of $80.29.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the company posted $1.05 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts predict that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, May 9th. American Electric Power’s payout ratio is 82.82%.

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.