Hendley & Co. Inc. Has $3.62 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Hendley & Co. Inc. grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,208 shares of the company’s stock after purchasing an additional 901 shares during the period. American Electric Power comprises 1.3% of Hendley & Co. Inc.’s portfolio, making the stock its 29th largest holding. Hendley & Co. Inc.’s holdings in American Electric Power were worth $3,616,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. XML Financial LLC increased its position in shares of American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after purchasing an additional 106 shares during the period. PSI Advisors LLC boosted its stake in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares in the last quarter. Garrison Asset Management LLC boosted its stake in American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after buying an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY increased its holdings in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after buying an additional 110 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after buying an additional 112 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AEP shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Wells Fargo & Company decreased their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Up 0.9 %

Shares of NASDAQ AEP opened at $106.29 on Tuesday. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $107.36. The firm’s 50-day simple moving average is $96.80 and its 200 day simple moving average is $98.13. 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 company has a market cap of $56.67 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 firm earned $1.23 earnings per share. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.50%. American Electric Power’s payout ratio is 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.