American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,508 shares of the company’s stock after selling 222 shares during the period. Donaldson Capital Management LLC’s holdings in American Electric Power were worth $508,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. XML Financial LLC lifted its position in American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after buying an additional 106 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of American Electric Power by 348.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,312 shares of the company’s stock worth $3,213,000 after acquiring an additional 24,329 shares during the period. Ashton Thomas Securities LLC boosted its position in shares of American Electric Power by 19.1% during the 3rd quarter. Ashton Thomas Securities LLC now owns 4,424 shares of the company’s stock valued at $454,000 after acquiring an additional 709 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of American Electric Power by 31.9% in the third quarter. Venturi Wealth Management LLC now owns 1,615 shares of the company’s stock valued at $166,000 after purchasing an additional 391 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in American Electric Power by 9.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,305 shares of the company’s stock worth $750,000 after purchasing an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $104.43 on Wednesday. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52. The company has a 50-day moving average price of $99.75 and a 200 day moving average price of $98.75. The company has a market cap of $55.68 billion, a P/E ratio of 18.65, a PEG 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 (NASDAQ:AEP) last issued its earnings results 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 return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business posted $1.23 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current 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 given a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power’s payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AEP shares. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. BMO Capital Markets dropped 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. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Morgan Stanley lowered their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.46.

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.