Telos Capital Management Inc. Has $5.66 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Telos Capital Management Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,398 shares of the company’s stock after buying an additional 604 shares during the period. Telos Capital Management Inc.’s holdings in American Electric Power were worth $5,663,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power during the third quarter worth $33,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power during the third quarter worth $48,000. Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth $49,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of American Electric Power during the third quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AEP shares. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Evercore ISI lowered their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lowered their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Trading Up 0.8 %

AEP opened at $100.17 on Friday. The company has a market cap of $53.30 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58. The company has a fifty day moving average price of $95.09 and a two-hundred day moving average price of $97.68. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

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.