American Electric Power Company, Inc. (NASDAQ:AEP) Position Decreased by Dagco Inc.

Dagco Inc. cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,026 shares of the company’s stock after selling 134 shares during the period. Dagco Inc.’s holdings in American Electric Power were worth $371,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in American Electric Power by 10.5% in the 3rd quarter. Barclays PLC now owns 2,249,203 shares of the company’s stock worth $230,764,000 after purchasing an additional 213,153 shares in the last quarter. Passumpsic Savings Bank acquired a new position in shares of American Electric Power in the third quarter worth about $914,000. Virtu Financial LLC purchased a new position in shares of American Electric Power in the third quarter worth approximately $3,191,000. Chelsea Counsel Co. grew its position in American Electric Power by 46.1% during the 3rd quarter. Chelsea Counsel Co. now owns 1,110 shares of the company’s stock worth $114,000 after purchasing an additional 350 shares in the last quarter. Finally, Tudor Financial Inc. purchased a new stake in American Electric Power in the 3rd quarter worth about $1,331,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEP. Bank of America upped their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. BMO Capital Markets raised their price target on American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Morgan Stanley boosted their price target on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus price target of $100.77.

American Electric Power Trading Up 1.4 %

Shares of AEP stock opened at $104.63 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $110.48. The firm’s fifty day simple moving average is $104.24 and its 200 day simple moving average is $99.29. The firm has a market capitalization of $55.84 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

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, meeting the consensus estimate 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 previous year, the firm earned $1.23 earnings per share. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.56%. American Electric Power’s dividend payout ratio (DPR) is currently 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.