Telos Capital Management Inc. Has $5.66 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Telos Capital Management Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,398 shares of the company’s stock after purchasing an additional 604 shares during the quarter. Telos Capital Management Inc.’s holdings in American Electric Power were worth $5,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after purchasing an additional 3,288 shares during the last quarter. Secure Asset Management LLC boosted its holdings in American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after purchasing an additional 4,370 shares during the last quarter. Grove Bank & Trust boosted its stake in American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after acquiring an additional 5,771 shares during the last quarter. J2 Capital Management Inc purchased a new position in American Electric Power in the fourth quarter valued at about $419,000. Finally, Principal Financial Group Inc. boosted its stake in American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after acquiring an additional 19,081 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

American Electric Power stock opened at $100.17 on Friday. The firm’s 50 day simple moving average is $95.09 and its 200 day simple moving average is $97.68. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $53.30 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AEP shares. Morgan Stanley dropped their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. reiterated 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.00.

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.