American Electric Power Company, Inc. (NASDAQ:AEP) Position Raised by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 487,807 shares of the company’s stock after buying an additional 7,692 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in American Electric Power were worth $44,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in American Electric Power in the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $35,000. Reston Wealth Management LLC bought a new position in shares of American Electric Power in the third quarter valued at approximately $48,000. Finally, Decker Retirement Planning Inc. bought a new stake in American Electric Power during the fourth quarter worth approximately $49,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $100.35 on Monday. The stock’s fifty day simple moving average is $95.11 and its 200-day simple moving average is $97.77. The company has a market capitalization of $53.40 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.84 and a beta of 0.58. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEP shares. Barclays lowered their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Wells Fargo & Company lowered their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. BMO Capital Markets reduced their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Morgan Stanley dropped their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Company 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.