Jaffetilchin Investment Partners LLC Buys 3,140 Shares of American Electric Power Company Inc (AEP)

Jaffetilchin Investment Partners LLC grew its stake in American Electric Power Company Inc (NYSE:AEP) by 66.0% during the 4th quarter, HoldingsChannel reports. The firm owned 7,896 shares of the utilities provider’s stock after buying an additional 3,140 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in American Electric Power were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AEP. Oregon Public Employees Retirement Fund boosted its position in American Electric Power by 7,281.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,970,039 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 3,916,258 shares in the last quarter. FMR LLC boosted its position in American Electric Power by 413.8% in the 2nd quarter. FMR LLC now owns 2,250,095 shares of the utilities provider’s stock worth $155,819,000 after purchasing an additional 1,812,198 shares in the last quarter. Capital Research Global Investors boosted its position in American Electric Power by 9.1% in the 3rd quarter. Capital Research Global Investors now owns 18,496,658 shares of the utilities provider’s stock worth $1,311,043,000 after purchasing an additional 1,548,554 shares in the last quarter. BlackRock Inc. boosted its position in American Electric Power by 3.9% in the 4th quarter. BlackRock Inc. now owns 36,683,081 shares of the utilities provider’s stock worth $2,741,691,000 after purchasing an additional 1,381,916 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $66,056,000. Institutional investors and hedge funds own 72.93% of the company’s stock.

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AEP has been the topic of several recent research reports. Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Wednesday, November 28th. Barclays upped their price objective on American Electric Power from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, November 19th. JPMorgan Chase & Co. set a $78.00 price objective on American Electric Power and gave the stock a “hold” rating in a research report on Friday, January 25th. Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, January 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $77.50.

Shares of NYSE:AEP opened at $81.40 on Friday. American Electric Power Company Inc has a 1 year low of $62.71 and a 1 year high of $81.76. The company has a market cap of $40.14 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 3.49 and a beta of 0.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.48.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. American Electric Power had a return on equity of 10.33% and a net margin of 11.91%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue was up .0% on a year-over-year basis. Sell-side analysts expect that American Electric Power Company Inc will post 4.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 8th will be given a dividend of $0.67 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.29%. American Electric Power’s dividend payout ratio (DPR) is 67.85%.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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