Folger Nolan Fleming Douglas Capital Management Inc. Has $286,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,105 shares of the company’s stock after purchasing an additional 112 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in American Electric Power were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XML Financial LLC lifted its position in shares of American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after acquiring an additional 106 shares during the period. PSI Advisors LLC increased its stake in American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after purchasing an additional 107 shares in the last quarter. Garrison Asset Management LLC raised its holdings in shares of American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after purchasing an additional 109 shares during the period. Roanoke Asset Management Corp NY boosted its position in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after purchasing an additional 110 shares in the last quarter. Finally, First United Bank & Trust increased its position in American Electric Power by 17.1% in the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock valued at $79,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AEP shares. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Evercore ISI decreased their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays cut their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Finally, Jefferies Financial Group assumed coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 0.4 %

Shares of NASDAQ:AEP opened at $97.25 on Friday. The stock’s 50-day moving average is $94.52 and its 200 day moving average is $96.84. The company has a market cap of $51.75 billion, a PE ratio of 19.49, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.83%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is currently 74.55%.

American Electric Power Company 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.