Haverford Trust Co Has $13.23 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Haverford Trust Co decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,477 shares of the company’s stock after selling 1,038 shares during the quarter. Haverford Trust Co’s holdings in American Electric Power were worth $13,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Thrivent Financial for Lutherans grew its stake in American Electric Power by 4.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company’s stock valued at $2,860,000 after buying an additional 1,131 shares during the last quarter. Quest Partners LLC bought a new position in shares of American Electric Power during the third quarter worth approximately $377,000. Advisors Asset Management Inc. lifted its holdings in American Electric Power by 15.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,429 shares of the company’s stock worth $2,199,000 after purchasing an additional 2,790 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in American Electric Power in the 3rd quarter valued at $207,000. Finally, King Luther Capital Management Corp grew its holdings in American Electric Power by 10.7% in the 3rd quarter. King Luther Capital Management Corp now owns 6,924 shares of the company’s stock valued at $710,000 after buying an additional 669 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, Barclays cut their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $99.92.

American Electric Power Stock Down 1.0 %

Shares of AEP opened at $105.11 on Monday. The stock has a market capitalization of $56.10 billion, a price-to-earnings ratio of 18.77, a PEG 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. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a fifty day moving average of $101.89 and a 200-day moving average of $99.04.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 last year, the business earned $1.23 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. American Electric Power’s dividend 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.