Telos Capital Management Inc. Has $4.84 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Telos Capital Management Inc. grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 59,548 shares of the company’s stock after acquiring an additional 217 shares during the quarter. Telos Capital Management Inc.’s holdings in American Electric Power were worth $4,836,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Apella Capital LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $348,000. Rockline Wealth Management LLC acquired a new position in American Electric Power in the 4th quarter worth about $1,982,000. Nisa Investment Advisors LLC increased its holdings in American Electric Power by 28.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after purchasing an additional 11,065 shares in the last quarter. Nordea Investment Management AB increased its holdings in American Electric Power by 1,592.1% in the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after purchasing an additional 389,675 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in American Electric Power by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock worth $190,432,000 after purchasing an additional 522,608 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 1.7 %

NASDAQ:AEP traded up $1.38 on Wednesday, hitting $80.89. The stock had a trading volume of 1,022,718 shares, compared to its average volume of 3,757,576. The business’s fifty day moving average is $82.54 and its 200 day moving average is $79.85. The company has a market cap of $42.60 billion, a PE ratio of 18.83, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were issued a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.35%. American Electric Power’s dividend payout ratio is presently 82.82%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $75.50 to $73.00 in a research note on Friday, March 8th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $86.00 to $83.00 in a research note on Monday, March 11th. Barclays raised their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Monday. Cfra reaffirmed a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Finally, StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.15.

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.