American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by First Financial Bankshares Inc

First Financial Bankshares Inc increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,583 shares of the company’s stock after acquiring an additional 8,381 shares during the period. American Electric Power makes up about 1.2% of First Financial Bankshares Inc’s investment portfolio, making the stock its 27th biggest position. First Financial Bankshares Inc’s holdings in American Electric Power were worth $56,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the 3rd quarter worth approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AEP shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. BMO Capital Markets reduced their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $99.23.

American Electric Power Trading Up 0.1 %

Shares of American Electric Power stock opened at $105.99 on Wednesday. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a market cap of $56.52 billion, a PE ratio of 18.93, a P/E/G ratio of 2.97 and a beta of 0.50. The business’s fifty day moving average is $101.11 and its two-hundred day moving average is $98.95. 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 released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates 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 business posted $1.23 earnings per share. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power’s 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.