Callan Family Office LLC Purchases Shares of 7,966 American Electric Power Company, Inc. (NASDAQ:AEP)

Callan Family Office LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,966 shares of the company’s stock, valued at approximately $735,000.

Several other large investors have also recently bought and sold shares of AEP. DAVENPORT & Co LLC grew its position in shares of American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after purchasing an additional 3,288 shares in the last quarter. Secure Asset Management LLC grew its position in shares of American Electric Power by 22.4% during the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after purchasing an additional 4,370 shares in the last quarter. Grove Bank & Trust grew its position in shares of American Electric Power by 436.9% during the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after purchasing an additional 5,771 shares in the last quarter. J2 Capital Management Inc acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $419,000. Finally, Principal Financial Group Inc. grew its position in shares of American Electric Power by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after purchasing an additional 19,081 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $104.62 on Friday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52. The firm has a fifty day simple moving average of $99.21 and a 200 day simple moving average of $98.64. The company has a market capitalization of $55.78 billion, a PE ratio of 18.68, a P/E/G 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 announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 quarter in the prior year, the firm earned $1.23 earnings per share. On average, sell-side analysts forecast 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 will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 66.43%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AEP shares. BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Finally, Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.46.

American Electric Power Company 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.