DAGCO Inc. trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 35.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,765 shares of the company’s stock after selling 3,115 shares during the quarter. DAGCO Inc.’s holdings in American Electric Power were worth $488,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEP. Carnegie Capital Asset Management LLC grew its position in shares of American Electric Power by 2.6% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 5,034 shares of the company’s stock valued at $426,000 after acquiring an additional 126 shares during the period. Stock Yards Bank & Trust Co. increased its holdings in American Electric Power by 4.9% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 2,831 shares of the company’s stock worth $240,000 after buying an additional 133 shares during the period. 4J Wealth Management LLC boosted its position in American Electric Power by 5.3% in the 1st quarter. 4J Wealth Management LLC now owns 2,677 shares of the company’s stock worth $227,000 after purchasing an additional 134 shares in the last quarter. Richard P Slaughter Associates Inc grew its stake in shares of American Electric Power by 1.1% during the 4th quarter. Richard P Slaughter Associates Inc now owns 11,935 shares of the company’s stock worth $993,000 after purchasing an additional 135 shares during the period. Finally, Asset Dedication LLC increased its holdings in shares of American Electric Power by 34.2% during the 4th quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $43,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 75.01% of the company’s stock.
A number of research analysts have weighed in on AEP shares. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, January 20th. Wells Fargo & Company lowered shares of American Electric Power from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $101.00 to $88.00 in a report on Wednesday, January 6th. Morgan Stanley upped their price target on shares of American Electric Power from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 26th. Edward Jones initiated coverage on American Electric Power in a report on Tuesday, March 16th. They set a “buy” rating for the company. Finally, Mizuho lifted their price target on American Electric Power from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.18.
American Electric Power stock traded down $0.34 during midday trading on Tuesday, reaching $88.34. 35,215 shares of the stock traded hands, compared to its average volume of 3,075,450. The company has a current ratio of 0.48, a quick ratio of 0.34 and a debt-to-equity ratio of 1.36. The firm has a market cap of $44.15 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 3.00 and a beta of 0.22. The company has a 50-day simple moving average of $86.09 and a two-hundred day simple moving average of $82.67. American Electric Power Company, Inc. has a 12-month low of $74.80 and a 12-month high of $94.21.
American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Wednesday, April 21st. The company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.02). The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.54 billion. American Electric Power had a net margin of 12.82% and a return on equity of 10.19%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Monday, May 10th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, May 7th. American Electric Power’s payout ratio is currently 69.81%.
American Electric Power Company Profile
American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.
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