Crowley Wealth Management Inc. Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Crowley Wealth Management Inc. bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel reports. The firm bought 4,540 shares of the company’s stock, valued at approximately $419,000.

Several other large investors have also recently modified their holdings of AEP. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock worth $4,767,425,000 after purchasing an additional 763,813 shares during the period. LPL Financial LLC lifted its stake in American Electric Power by 12.9% in the fourth quarter. LPL Financial LLC now owns 987,885 shares of the company’s stock worth $91,113,000 after purchasing an additional 112,807 shares during the last quarter. Richwood Investment Advisors LLC boosted its position in shares of American Electric Power by 7.9% during the fourth quarter. Richwood Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $338,000 after buying an additional 270 shares during the period. Guardian Partners Inc. bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $4,369,000. Finally, Sei Investments Co. raised its holdings in shares of American Electric Power by 38.8% in the fourth quarter. Sei Investments Co. now owns 559,967 shares of the company’s stock worth $51,646,000 after buying an additional 156,563 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 1.0 %

Shares of NASDAQ AEP opened at $105.11 on Friday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The business has a fifty day moving average price of $101.89 and a 200 day moving average price of $99.07. The stock has a market capitalization of $56.10 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

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 analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company 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 Dividend Announcement

The firm 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 was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. American Electric Power’s dividend payout ratio is presently 66.43%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEP shares. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Barclays lowered 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 note on Tuesday, November 26th. Morgan Stanley raised their price target on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus price target of $99.92.

About American Electric Power

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.