one8zero8 LLC Purchases Shares of 4,401 American Electric Power Company, Inc. (NASDAQ:AEP)

one8zero8 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 4,401 shares of the company's stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PSI Advisors LLC increased its stake in American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after buying an additional 107 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of American Electric Power by 3.7% in the 4th 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. Albion Financial Group UT boosted its holdings in shares of American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock valued at $1,119,000 after buying an additional 112 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of American Electric Power by 11.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock valued at $103,000 after buying an additional 112 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of American Electric Power by 8.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,408 shares of the company's stock valued at $130,000 after buying an additional 113 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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American Electric Power Price Performance

Shares of AEP traded up $0.37 during trading hours on Thursday, reaching $106.21. The company had a trading volume of 2,946,101 shares, compared to its average volume of 2,762,540. The firm has a 50 day simple moving average of $101.38 and a 200-day simple moving average of $99.00. 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 $56.68 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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 quarter in the prior year, the company posted $1.23 earnings per share. Research 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 declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.50%. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AEP. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley increased 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 increased 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. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $99.92.

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.