Fidelis Capital Partners LLC Grows Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Fidelis Capital Partners LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,135 shares of the company’s stock after acquiring an additional 125 shares during the period. Fidelis Capital Partners LLC’s holdings in American Electric Power were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. Farther Finance Advisors LLC grew its holdings in American Electric Power by 3.2% during the third quarter. Farther Finance Advisors LLC now owns 7,242 shares of the company’s stock worth $743,000 after acquiring an additional 224 shares during the period. Van ECK Associates Corp grew its holdings in American Electric Power by 7.3% during the third quarter. Van ECK Associates Corp now owns 146,090 shares of the company’s stock worth $14,730,000 after acquiring an additional 9,937 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in American Electric Power during the third quarter worth $4,015,000. Asset Management One Co. Ltd. grew its holdings in American Electric Power by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 196,738 shares of the company’s stock worth $20,185,000 after acquiring an additional 2,701 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in American Electric Power by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 89,500 shares of the company’s stock valued at $9,183,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AEP. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Barclays lowered their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. 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 stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $98.46.

American Electric Power Stock Down 1.8 %

AEP opened at $103.39 on Thursday. The business’s fifty day simple moving average is $98.75 and its 200 day simple moving average is $98.55. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52. The firm has a market cap of $55.13 billion, a P/E ratio of 18.46, a PEG ratio of 2.97 and a beta of 0.50. 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 (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate 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 earned $1.23 EPS. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.60%. American Electric Power’s dividend payout ratio (DPR) is presently 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.