American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,579 shares of the company’s stock after buying an additional 1,885 shares during the period. TIAA Trust National Association’s holdings in American Electric Power were worth $3,189,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the third quarter valued at $25,000. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in American Electric Power in the 4th quarter valued at about $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power during the fourth quarter worth about $35,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on AEP shares. BMO Capital Markets raised their target price on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price target on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $100.77.

American Electric Power Trading Up 1.4 %

NASDAQ AEP opened at $103.90 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52. The company’s 50 day moving average price is $102.42 and its 200 day moving average price is $99.09. The firm has a market capitalization of $55.45 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last posted 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 quarter last year, the business posted $1.23 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.58%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

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.