one8zero8 LLC Purchases New Position in American Electric Power Company, Inc. (NASDAQ:AEP)

one8zero8 LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, Holdings Channel reports. The firm purchased 4,401 shares of the company’s stock, valued at approximately $406,000.

Several other institutional investors also recently added to or reduced their stakes in AEP. Choate Investment Advisors acquired a new position in shares of American Electric Power in the 4th quarter valued at $419,000. Frank Rimerman Advisors LLC increased its stake in American Electric Power by 6.4% in the fourth quarter. Frank Rimerman Advisors LLC now owns 8,283 shares of the company’s stock valued at $764,000 after purchasing an additional 498 shares during the period. HMV Wealth Advisors LLC acquired a new position in American Electric Power in the fourth quarter valued at $860,000. First National Trust Co boosted its stake in shares of American Electric Power by 2.7% during the fourth quarter. First National Trust Co now owns 89,559 shares of the company’s stock worth $8,260,000 after buying an additional 2,375 shares during the period. Finally, Carret Asset Management LLC grew its holdings in shares of American Electric Power by 2.0% during the fourth quarter. Carret Asset Management LLC now owns 63,897 shares of the company’s stock worth $5,893,000 after buying an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 1.3 %

Shares of American Electric Power stock opened at $105.56 on Monday. The company has a 50-day moving average of $100.49 and a two-hundred day moving average of $98.87. The stock has a market cap of $56.29 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. 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 Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) 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 previous year, the firm earned $1.23 earnings per share. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.52%. American Electric Power’s payout ratio is 66.43%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lowered their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets lowered 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. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $98.46.

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.