6,393 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Little House Capital LLC

Little House Capital LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,393 shares of the company's stock, valued at approximately $590,000.

A number of other large investors also recently bought and sold shares of the stock. Seascape Capital Management purchased a new position in American Electric Power in the fourth quarter valued at $2,674,000. ABC Arbitrage SA purchased a new position in American Electric Power during the 4th quarter worth approximately $1,652,000. Asset Planning Inc acquired a new position in shares of American Electric Power in the 4th quarter valued at $85,000. W.H. Cornerstone Investments Inc. raised its holdings in shares of American Electric Power by 89.7% in the fourth quarter. W.H. Cornerstone Investments Inc. now owns 6,398 shares of the company's stock valued at $590,000 after buying an additional 3,026 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in American Electric Power by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 200,272 shares of the company's stock worth $18,527,000 after acquiring an additional 3,534 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Trading Up 0.9 %

AEP stock traded up $0.89 during mid-day trading on Wednesday, reaching $103.09. 2,510,081 shares of the stock traded hands, compared to its average volume of 3,311,624. 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 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 cap of $54.97 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.88 and a beta of 0.58. The stock's fifty day moving average is $96.03 and its 200-day moving average is $97.99.

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 return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business earned $1.23 EPS. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEP. Scotiabank lowered shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an "underperform" rating to a "buy" rating and increased their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Barclays reduced their target price 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $98.00.

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.