one8zero8 LLC Acquires Shares of 4,401 American Electric Power Company, Inc. (NASDAQ:AEP)

one8zero8 LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,401 shares of the company’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AEP. PSI Advisors LLC lifted its position in shares of American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after buying an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after purchasing an additional 112 shares in the last quarter. Albion Financial Group UT lifted its holdings in American Electric Power by 0.9% during the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after purchasing an additional 112 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after purchasing an additional 112 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of American Electric Power by 8.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,408 shares of the company’s stock worth $130,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.3 %

American Electric Power stock opened at $105.56 on Monday. The company has a market capitalization of $56.29 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a 50 day moving average price of $100.49 and a 200 day moving average price of $98.87.

American Electric Power (NASDAQ:AEP) last issued its quarterly 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 net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the firm earned $1.23 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current 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 paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is presently 66.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AEP. Morgan Stanley decreased their price target 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. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.46.

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.