American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Raised by Allworth Financial LP

Allworth Financial LP boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 34.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,586 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Allworth Financial LP’s holdings in American Electric Power were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. XML Financial LLC boosted its position in American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after purchasing an additional 106 shares during the period. PSI Advisors LLC boosted its holdings in shares of American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after acquiring an additional 107 shares during the period. Garrison Asset Management LLC grew its position in shares of American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after acquiring an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY increased its holdings in shares of American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after acquiring an additional 110 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after purchasing an additional 112 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays decreased their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 0.4 %

Shares of American Electric Power stock opened at $102.20 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $105.18. The firm has a market capitalization of $54.38 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. The stock’s fifty day moving average is $95.84 and its 200-day moving average is $97.96.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 net margin of 13.48% and a return on equity of 11.41%. During the same quarter last year, the firm earned $1.23 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

About American Electric Power

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.