Rowlandmiller & PARTNERS.ADV Purchases Shares of 1,243 American Electric Power Company, Inc. (NASDAQ:AEP)

Rowlandmiller & PARTNERS.ADV purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,243 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds also recently bought and sold shares of the stock. XML Financial LLC grew its holdings in American Electric Power by 3.8% in the third 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 last quarter. PSI Advisors LLC grew its holdings in American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after purchasing an additional 107 shares during the last quarter. Garrison Asset Management LLC grew its holdings in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after purchasing an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY grew its holdings in American Electric Power by 2.2% in the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after purchasing an additional 110 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in American Electric Power by 3.7% in the fourth 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. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. UBS Group upped their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price objective 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Performance

NASDAQ AEP opened at $105.33 on Monday. The business’s 50-day moving average price is $96.51 and its 200 day moving average price is $98.07. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $105.73. The company has a market capitalization of $56.16 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last released its earnings results 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 prior year, the firm earned $1.23 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.53%. American Electric Power’s dividend payout ratio 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.