First Financial Bankshares Inc Has $56.68 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

First Financial Bankshares Inc lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 614,583 shares of the company's stock after buying an additional 8,381 shares during the period. American Electric Power comprises 1.2% of First Financial Bankshares Inc's portfolio, making the stock its 27th biggest holding. First Financial Bankshares Inc owned approximately 0.12% of American Electric Power worth $56,683,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power during the third quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the fourth quarter worth about $35,000. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

AEP has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Morgan Stanley raised their price target on shares of American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America raised their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of "Hold" and an average target price of $99.92.

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American Electric Power Price Performance

Shares of American Electric Power stock traded down $1.10 during midday trading on Friday, reaching $105.11. The company had a trading volume of 5,649,156 shares, compared to its average volume of 2,762,781. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $56.10 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The stock has a fifty day simple moving average of $101.89 and a 200 day simple moving average of $99.07. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the company earned $1.23 earnings per share. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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 dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, February 10th. 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.