American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Decreased by Howe & Rusling Inc.

Howe & Rusling Inc. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,778 shares of the company’s stock after selling 716 shares during the quarter. Howe & Rusling Inc.’s holdings in American Electric Power were worth $441,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Fairway Wealth LLC bought a new position in shares of American Electric Power in the 4th quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC acquired a new stake in American Electric Power in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 1.2 %

American Electric Power stock opened at $105.15 on Friday. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $109.52. The stock has a market cap of $56.12 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The business has a 50 day moving average price of $102.58 and a two-hundred day moving average price of $99.13. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period last year, the business earned $1.23 earnings per share. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AEP shares. BMO Capital Markets increased their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Morgan Stanley upped their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, Bank of America raised their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $100.77.

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.