Vaughan David Investments LLC IL Acquires 2,634 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Vaughan David Investments LLC IL increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 476,656 shares of the company’s stock after purchasing an additional 2,634 shares during the quarter. Vaughan David Investments LLC IL owned approximately 0.09% of American Electric Power worth $43,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Electric Power by 22.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,892 shares of the company’s stock worth $12,719,000 after buying an additional 23,296 shares during the last quarter. Forsta AP Fonden boosted its stake in American Electric Power by 23.2% in the third quarter. Forsta AP Fonden now owns 108,500 shares of the company’s stock worth $11,132,000 after purchasing an additional 20,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in American Electric Power by 54.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 304,287 shares of the company’s stock worth $31,220,000 after purchasing an additional 107,092 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in American Electric Power by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 131,773 shares of the company’s stock worth $13,528,000 after purchasing an additional 1,460 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in American Electric Power by 6.4% in the third quarter. J.W. Cole Advisors Inc. now owns 17,929 shares of the company’s stock worth $1,840,000 after purchasing an additional 1,079 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on AEP shares. UBS Group boosted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. BMO Capital Markets cut their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley cut their price target on 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. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.9 %

AEP stock opened at $106.29 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $96.80 and a two-hundred day moving average price of $98.13. The company has a market cap of $56.67 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $107.36.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the business earned $1.23 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.50%. American Electric Power’s payout ratio is 66.43%.

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.