Telos Capital Management Inc. Has $6.24 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Telos Capital Management Inc. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 60,794 shares of the company’s stock after selling 589 shares during the quarter. Telos Capital Management Inc.’s holdings in American Electric Power were worth $6,237,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC boosted its stake in shares of American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Denali Advisors LLC bought a new position in American Electric Power in the first quarter valued at approximately $26,000. LRI Investments LLC bought a new position in American Electric Power in the first quarter valued at approximately $37,000. Briaud Financial Planning Inc grew its holdings in American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the 1st quarter valued at $41,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $100.16 on Tuesday. The company has a fifty day moving average price of $100.49 and a 200 day moving average price of $93.52. The firm has a market cap of $52.80 billion, a PE ratio of 18.58, a PEG ratio of 2.79 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 1-year low of $72.01 and a 1-year high of $105.18.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, August 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their target price on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim increased their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Jefferies Financial Group started coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 price objective on the stock. Finally, Scotiabank upped their target price on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.43.

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.