Scotia Capital Inc. Raises Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Scotia Capital Inc. grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,359 shares of the company's stock after acquiring an additional 25,812 shares during the quarter. Scotia Capital Inc.'s holdings in American Electric Power were worth $18,664,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC purchased a new stake in shares of American Electric Power during the third quarter valued at approximately $1,021,000. Barclays PLC boosted its stake in American Electric Power by 10.5% during the 3rd quarter. Barclays PLC now owns 2,249,203 shares of the company's stock valued at $230,764,000 after purchasing an additional 213,153 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of American Electric Power by 12.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,643 shares of the company's stock worth $877,000 after purchasing an additional 934 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of American Electric Power by 21.1% in the third quarter. Toronto Dominion Bank now owns 327,254 shares of the company's stock worth $33,576,000 after purchasing an additional 57,019 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of American Electric Power by 11.5% during the third quarter. Sunbelt Securities Inc. now owns 3,659 shares of the company's stock valued at $375,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

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American Electric Power Price Performance

AEP stock traded up $0.10 during midday trading on Tuesday, hitting $106.68. The company's stock had a trading volume of 2,580,256 shares, compared to its average volume of 3,174,968. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $110.48. The company has a 50 day moving average of $104.39 and a two-hundred day moving average of $99.32.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) 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 in the prior year, the company posted $1.23 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio is presently 66.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price target on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, Bank of America lifted their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $100.77.

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.