FourThought Financial Partners LLC Invests $293,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

FourThought Financial Partners LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,171 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors also recently bought and sold shares of the stock. XML Financial LLC raised its stake in shares of American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after purchasing an additional 106 shares during the last quarter. PSI Advisors LLC boosted its position in shares of American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after buying an additional 107 shares during the last quarter. Garrison Asset Management LLC increased its holdings in American Electric Power by 0.6% in the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after buying an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY raised its position in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after buying an additional 110 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after acquiring an additional 112 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AEP shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Morgan Stanley cut their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets reduced their price objective 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. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 1.3 %

Shares of AEP stock opened at $107.70 on Wednesday. The company has a market capitalization of $57.43 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company’s fifty day moving average price is $97.11 and its 200-day moving average price is $98.20. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $107.84.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 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 quarter in the previous year, the firm earned $1.23 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.45%. American Electric Power’s payout ratio is 66.43%.

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.