2,826 Shares in American Electric Power Company Inc (AEP) Purchased by Allen Capital Group LLC

Allen Capital Group LLC purchased a new stake in shares of American Electric Power Company Inc (NYSE:AEP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,826 shares of the utilities provider’s stock, valued at approximately $208,000.

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake in shares of American Electric Power by 188.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after buying an additional 3,486 shares in the last quarter. Raymond James Trust N.A. increased its holdings in American Electric Power by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 861 shares during the period. California Public Employees Retirement System increased its holdings in American Electric Power by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,234,413 shares of the utilities provider’s stock worth $86,705,000 after acquiring an additional 75,260 shares during the period. Commonwealth Equity Services Inc increased its holdings in American Electric Power by 1.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 207,463 shares of the utilities provider’s stock worth $14,572,000 after acquiring an additional 2,385 shares during the period. Finally, Hugh Johnson Advisors LLC increased its holdings in American Electric Power by 115.3% during the 3rd quarter. Hugh Johnson Advisors LLC now owns 8,285 shares of the utilities provider’s stock worth $582,000 after acquiring an additional 4,436 shares during the period. Institutional investors own 70.47% of the company’s stock.

A number of analysts recently weighed in on AEP shares. Zacks Investment Research raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $78.00 target price on shares of American Electric Power in a report on Tuesday, January 9th. Guggenheim lowered shares of American Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. Macquarie raised shares of American Electric Power from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $76.00 in a report on Monday, January 22nd. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $74.36.

American Electric Power Company Inc (NYSE AEP) opened at $65.68 on Friday. The company has a market cap of $32,310.00, a price-to-earnings ratio of 17.15, a PEG ratio of 3.17 and a beta of 0.18. American Electric Power Company Inc has a twelve month low of $63.32 and a twelve month high of $78.07. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 1.04.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.92 billion. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. equities research analysts expect that American Electric Power Company Inc will post 3.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, February 8th. American Electric Power’s payout ratio is 64.75%.

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American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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