Los Angeles Capital Management LLC Has $1.46 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Los Angeles Capital Management LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.5% in the 4th quarter, HoldingsChannel reports. The fund owned 15,827 shares of the company’s stock after selling 15,485 shares during the period. Los Angeles Capital Management LLC’s holdings in American Electric Power were worth $1,460,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. DAVENPORT & Co LLC increased its holdings in American Electric Power by 6.1% in the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after purchasing an additional 3,288 shares during the period. Secure Asset Management LLC increased its stake in shares of American Electric Power by 22.4% in the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after buying an additional 4,370 shares during the period. Grove Bank & Trust increased its stake in shares of American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after buying an additional 5,771 shares during the period. J2 Capital Management Inc bought a new position in shares of American Electric Power during the fourth quarter worth about $419,000. Finally, Principal Financial Group Inc. lifted its stake in shares of American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after acquiring an additional 19,081 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. 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. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. 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. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.46.

American Electric Power Stock Performance

Shares of AEP stock opened at $106.05 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm has a fifty day simple moving average of $97.98 and a two-hundred day simple moving average of $98.37. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $107.84. The firm has a market capitalization of $56.55 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its 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 prior year, the firm earned $1.23 earnings per share. Analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued 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 dividend yield of 3.51%. American Electric Power’s dividend payout ratio is presently 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.