634 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Graney & King LLC

Graney & King LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 634 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in shares of American Electric Power by 4.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company’s stock worth $2,860,000 after buying an additional 1,131 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of American Electric Power by 7.3% during the third quarter. Great Valley Advisor Group Inc. now owns 6,662 shares of the company’s stock valued at $684,000 after acquiring an additional 455 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of American Electric Power by 23.7% during the third quarter. Cerity Partners LLC now owns 91,104 shares of the company’s stock valued at $9,347,000 after acquiring an additional 17,438 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of American Electric Power by 31.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 21,332 shares of the company’s stock worth $2,189,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its stake in American Electric Power by 16.7% in the 3rd quarter. Centaurus Financial Inc. now owns 3,110 shares of the company’s stock worth $319,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Barclays decreased their price target 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. BMO Capital Markets decreased their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Bank of America upped their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $99.92.

American Electric Power Stock Performance

AEP opened at $102.50 on Wednesday. The company’s 50 day moving average is $102.24 and its 200 day moving average is $99.05. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a market cap of $54.70 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the firm posted $1.23 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

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.