Blair William & Co. IL Has $3.65 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Blair William & Co. IL boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,597 shares of the company’s stock after acquiring an additional 663 shares during the quarter. Blair William & Co. IL’s holdings in American Electric Power were worth $3,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power during the fourth quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power during the fourth quarter worth approximately $32,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the third quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power during the fourth quarter worth approximately $35,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America boosted their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, Guggenheim upgraded 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 issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $100.77.

American Electric Power Price Performance

Shares of AEP stock opened at $109.27 on Tuesday. The business has a fifty day simple moving average of $103.02 and a 200 day simple moving average of $99.14. The company has a market cap of $58.32 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.97 and a beta of 0.50. 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 Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.76.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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. On average, sell-side 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 was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.40%. American Electric Power’s payout ratio is presently 66.43%.

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.