Hendley & Co. Inc. Has $3.62 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Hendley & Co. Inc. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,208 shares of the company’s stock after purchasing an additional 901 shares during the quarter. American Electric Power makes up approximately 1.3% of Hendley & Co. Inc.’s holdings, making the stock its 29th largest holding. Hendley & Co. Inc.’s holdings in American Electric Power were worth $3,616,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC raised its holdings in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after purchasing an additional 352,588 shares during the period. FMR LLC boosted its position in shares of American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock valued at $427,009,000 after buying an additional 100,578 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several recent analyst reports. Evercore ISI reduced their target price 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. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets dropped their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of AEP stock opened at $106.29 on Tuesday. The firm has a market cap of $56.67 billion, a PE ratio of 18.98, a P/E/G ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $107.36. The company’s fifty day simple moving average is $96.80 and its 200-day simple moving average is $98.13. 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 quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the firm posted $1.23 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business 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 $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.50%. American Electric Power’s dividend payout ratio is 66.43%.

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.