Callan Family Office LLC Acquires New Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Callan Family Office LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,966 shares of the company's stock, valued at approximately $735,000.

Several other institutional investors also recently bought and sold shares of AEP. Robeco Institutional Asset Management B.V. acquired a new stake in American Electric Power in the third quarter valued at $4,015,000. Graypoint LLC raised its holdings in American Electric Power by 4.5% in the third quarter. Graypoint LLC now owns 5,070 shares of the company's stock valued at $520,000 after acquiring an additional 220 shares in the last quarter. Cozad Asset Management Inc. acquired a new stake in shares of American Electric Power during the third quarter worth $214,000. Principal Financial Group Inc. lifted its position in shares of American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company's stock worth $65,667,000 after buying an additional 19,081 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its position in shares of American Electric Power by 4.6% in the 3rd quarter. Portside Wealth Group LLC now owns 6,765 shares of the company's stock worth $694,000 after buying an additional 295 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEP. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. BMO Capital Markets dropped their price objective on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $105.00 to $102.00 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 given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $98.46.

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American Electric Power Price Performance

Shares of AEP traded up $2.03 during mid-day trading on Friday, hitting $104.62. The company's stock had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a 50-day moving average price of $99.21 and a 200 day moving average price of $98.64. The stock has a market capitalization of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 earnings per share. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power's payout ratio is 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.