American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Boosted by Harbour Investments Inc.

Harbour Investments Inc. boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,917 shares of the company’s stock after buying an additional 687 shares during the period. Harbour Investments Inc.’s holdings in American Electric Power were worth $915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC grew its position in American Electric Power by 201.6% in the 4th quarter. Corient Private Wealth LLC now owns 153,142 shares of the company’s stock valued at $14,124,000 after buying an additional 303,916 shares in the last quarter. Ninepoint Partners LP grew its position in American Electric Power by 27.5% in the 4th quarter. Ninepoint Partners LP now owns 13,204 shares of the company’s stock valued at $1,218,000 after buying an additional 2,848 shares in the last quarter. one8zero8 LLC bought a new position in American Electric Power in the 4th quarter valued at about $406,000. Choate Investment Advisors bought a new position in American Electric Power in the 4th quarter valued at about $419,000. Finally, Frank Rimerman Advisors LLC grew its position in American Electric Power by 6.4% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,283 shares of the company’s stock valued at $764,000 after buying an additional 498 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AEP shares. Bank of America upped their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley cut their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. 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 report on Thursday, December 12th. Barclays cut their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $99.23.

American Electric Power Price Performance

NASDAQ AEP opened at $105.84 on Thursday. The company has a 50 day simple moving average of $101.38 and a 200-day simple moving average of $99.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market capitalization of $56.44 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting 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 last year, the business earned $1.23 earnings per share. Equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) 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.