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

Blair William & Co. IL grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,597 shares of the company’s stock after buying an additional 663 shares during the quarter. Blair William & Co. IL’s holdings in American Electric Power were worth $3,652,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in American Electric Power during the 3rd quarter worth $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the fourth quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the 3rd quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in American Electric Power during the 4th quarter valued at about $35,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AEP shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America increased their target price 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. Finally, Morgan Stanley boosted their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. One equities 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. According to data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $100.77.

American Electric Power Stock Up 2.2 %

Shares of AEP stock opened at $109.27 on Tuesday. The firm’s fifty day moving average price is $103.02 and its two-hundred day moving average price is $99.14. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.76. 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 firm has a market capitalization of $58.32 billion, a P/E ratio of 19.51, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 last year, the firm earned $1.23 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is presently 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.