TD Private Client Wealth LLC Raises Position in American Electric Power Company, Inc. (NASDAQ:AEP)

TD Private Client Wealth LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,378 shares of the company’s stock after purchasing an additional 101 shares during the quarter. TD Private Client Wealth LLC’s holdings in American Electric Power were worth $6,491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SouthState Corp raised its stake in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after purchasing an additional 102 shares during the last quarter. PSI Advisors LLC grew its holdings in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after acquiring an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in shares of American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after acquiring an additional 112 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its holdings in shares of American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after acquiring an additional 112 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $106.21 on Friday. The stock has a market cap of $56.68 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two 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 $101.66 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 for the quarter, meeting 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 period in the previous year, the firm earned $1.23 earnings per share. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Wall Street Analyst Weigh In

AEP has been the subject of several recent analyst reports. BMO Capital Markets reduced their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday. One 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, American Electric Power has an average rating of “Hold” and an average target price of $99.92.

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.