TrueMark Investments LLC Grows Position in American Electric Power Company, Inc. (NASDAQ:AEP)

TrueMark Investments LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,770 shares of the company’s stock after purchasing an additional 3,488 shares during the quarter. TrueMark Investments LLC’s holdings in American Electric Power were worth $3,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the third quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the 3rd quarter valued at $33,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $32,000. Finally, Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent analyst reports. Barclays decreased their price target 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.92.

American Electric Power Stock Performance

American Electric Power stock opened at $102.50 on Wednesday. The company’s 50-day moving average price is $102.24 and its 200-day moving average price is $99.05. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company has a market cap of $54.70 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the company earned $1.23 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

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.