Bank of Jackson Hole Trust Makes New $356,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Bank of Jackson Hole Trust acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,861 shares of the company’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC boosted its holdings in shares of American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after acquiring an additional 1,963,154 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp boosted its holdings in shares of American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. FMR LLC boosted its holdings in shares of American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the period. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power during the third quarter valued at $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $102.20 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The company’s 50-day moving average price is $95.84 and its two-hundred day moving average price is $97.96. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $105.18. The stock has a market cap of $54.38 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. During the same period in the previous year, the firm earned $1.23 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.64%. American Electric Power’s payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEP shares. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.00.

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.