Family Legacy Inc. Decreases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Family Legacy Inc. lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,884 shares of the company’s stock after selling 124 shares during the quarter. Family Legacy Inc.’s holdings in American Electric Power were worth $543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. AG lifted its position in shares of American Electric Power by 7.3% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 18,982 shares of the company’s stock valued at $1,751,000 after acquiring an additional 1,290 shares during the last quarter. Rodgers Brothers Inc. increased its position in American Electric Power by 682.2% in the 4th quarter. Rodgers Brothers Inc. now owns 31,662 shares of the company’s stock worth $2,920,000 after buying an additional 27,614 shares during the period. Summit Financial LLC raised its holdings in American Electric Power by 46.0% in the 4th quarter. Summit Financial LLC now owns 29,742 shares of the company’s stock valued at $2,743,000 after acquiring an additional 9,367 shares in the last quarter. Hoey Investments Inc. acquired a new position in American Electric Power in the fourth quarter worth about $112,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of American Electric Power by 68.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,471 shares of the company’s stock worth $227,000 after purchasing an additional 1,006 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America boosted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets lifted their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Finally, Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.77.

American Electric Power Stock Up 1.7 %

Shares of AEP opened at $106.96 on Monday. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The firm has a market capitalization of $57.08 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.97 and a beta of 0.50. The firm has a fifty day moving average price of $102.78 and a 200-day moving average price of $99.10. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate 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 prior year, the firm posted $1.23 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.48%. American Electric Power’s dividend payout ratio is currently 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.