Graney & King LLC Makes New $58,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Graney & King LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 634 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. boosted its stake in American Electric Power by 5.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 3,269 shares of the company’s stock valued at $301,000 after buying an additional 172 shares during the period. TrueMark Investments LLC boosted its position in shares of American Electric Power by 8.9% during the 4th quarter. TrueMark Investments LLC now owns 42,770 shares of the company’s stock valued at $3,945,000 after acquiring an additional 3,488 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of American Electric Power by 1.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,550 shares of the company’s stock valued at $1,711,000 after acquiring an additional 350 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in shares of American Electric Power by 12.3% during the fourth quarter. Zions Bancorporation N.A. now owns 62,117 shares of the company’s stock worth $5,729,000 after purchasing an additional 6,816 shares in the last quarter. Finally, TIAA Trust National Association increased its position in shares of American Electric Power by 5.8% in the fourth quarter. TIAA Trust National Association now owns 34,579 shares of the company’s stock worth $3,189,000 after purchasing an additional 1,885 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays dropped their target price on shares of 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. Morgan Stanley lifted their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. BMO Capital Markets reduced their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One 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, American Electric Power currently has an average rating of “Hold” and a consensus target price of $99.92.

American Electric Power Trading Down 1.6 %

NASDAQ:AEP opened at $102.50 on Wednesday. The firm has a market capitalization of $54.70 billion, a P/E ratio of 18.30, a P/E/G 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 quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company has a fifty day moving average of $102.24 and a 200 day moving average of $99.05.

American Electric Power (NASDAQ:AEP) 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 return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.63%. American Electric Power’s payout ratio is 66.43%.

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.