American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Reduced by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,121 shares of the company’s stock after selling 1,011 shares during the period. D.A. Davidson & CO.’s holdings in American Electric Power were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its stake in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares during the period. Janus Henderson Group PLC lifted its stake in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp lifted its stake in shares of American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. FMR LLC lifted its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of American Electric Power in the 3rd quarter worth approximately $80,207,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.2 %

American Electric Power stock opened at $104.35 on Friday. The company has a 50 day moving average price of $96.26 and a 200 day moving average price of $98.04. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The firm has a market capitalization of $55.64 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.89 and a beta of 0.58.

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 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 business posted $1.23 earnings per share. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced 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 3.56%. American Electric Power’s payout ratio is 66.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AEP shares. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley reduced their target price 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. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Finally, UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average price target of $98.00.

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.