Fulton Breakefield Broenniman LLC Acquires 143 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Fulton Breakefield Broenniman LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,678 shares of the company’s stock after purchasing an additional 143 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in American Electric Power were worth $380,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FSC Wealth Advisors LLC lifted its stake in shares of American Electric Power by 222.0% in the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after buying an additional 242 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the fourth quarter worth $32,000. GoalVest Advisory LLC lifted its stake in shares of American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after buying an additional 320 shares during the last quarter. JNBA Financial Advisors lifted its stake in shares of American Electric Power by 91.6% in the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of American Electric Power in the third quarter worth $36,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AEP. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Monday, January 22nd. Scotiabank cut their target price on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their target price for the company from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus target price of $86.08.

American Electric Power Price Performance

NASDAQ:AEP traded down $1.60 during mid-day trading on Friday, reaching $85.26. 2,975,865 shares of the company were exchanged, compared to its average volume of 2,656,889. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.56. The company has a fifty day moving average of $83.53 and a 200 day moving average of $80.42. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The stock has a market cap of $44.90 billion, a PE ratio of 20.06, a PEG ratio of 3.07 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the company earned $1.05 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

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.