American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Raised by Whittier Trust Co.

Whittier Trust Co. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 83,947 shares of the company’s stock after buying an additional 334 shares during the period. Whittier Trust Co.’s holdings in American Electric Power were worth $7,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AEP. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new position in American Electric Power during the 4th quarter worth $32,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power during the 3rd quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the 4th quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on AEP shares. JPMorgan Chase & Co. restated 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. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Morgan Stanley increased their price target on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $99.92.

American Electric Power Trading Up 0.3 %

Shares of American Electric Power stock opened at $106.21 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The firm has a market cap of $56.68 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The business has a fifty day simple moving average of $101.66 and a 200-day simple moving average of $99.05. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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 period last year, the business earned $1.23 earnings per share. On average, equities analysts forecast 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 announced 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. This represents a $3.72 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, February 10th. 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.