Asset Management One Co. Ltd. Purchases 3,534 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Asset Management One Co. Ltd. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,272 shares of the company's stock after purchasing an additional 3,534 shares during the period. Asset Management One Co. Ltd.'s holdings in American Electric Power were worth $18,527,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AEP. XML Financial LLC boosted its position in 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 grew its position in shares of American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after acquiring an additional 107 shares during the period. Garrison Asset Management LLC increased its stake in shares of American Electric Power by 0.6% during the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock worth $1,950,000 after purchasing an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY raised its holdings in shares of 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 purchasing an additional 110 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on AEP shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Barclays dropped their price objective on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 26th. Morgan Stanley lowered their price target on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Finally, UBS Group raised their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, American Electric Power presently has an average rating of "Hold" and a consensus target price of $98.00.

American Electric Power Price Performance

American Electric Power stock traded up $0.89 during midday trading on Wednesday, hitting $103.09. 2,497,596 shares of the company's stock were exchanged, compared to its average volume of 3,311,234. The stock has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $97.96. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $105.18. The company has a market cap of $54.97 billion, a P/E ratio of 18.41, a PEG ratio of 2.88 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate 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 in the previous year, the business earned $1.23 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, February 10th. American Electric Power's dividend payout ratio is currently 66.43%.

About American Electric Power

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.