Taylor Financial Group Inc. Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Taylor Financial Group Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,510 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Taylor Financial Group Inc.’s holdings in American Electric Power were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp increased its position in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after acquiring an additional 352,588 shares during the period. FMR LLC boosted its stake in shares of American Electric Power by 18.8% in the third 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. Allspring Global Investments Holdings LLC boosted its stake in shares of American Electric Power by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock worth $427,009,000 after acquiring an additional 100,578 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of American Electric Power by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock worth $354,551,000 after acquiring an additional 84,704 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $105.86 on Tuesday. The stock has a market cap of $56.45 billion, a price-to-earnings ratio of 18.90, 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. The stock has a 50 day moving average price of $100.80 and a 200-day moving average price of $98.91. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 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 period in the previous year, the business posted $1.23 earnings per share. Equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AEP shares. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Barclays dropped 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 note on Tuesday, November 26th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.