Holderness Investments Co. Has $274,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Holderness Investments Co. decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,974 shares of the company’s stock after selling 296 shares during the quarter. Holderness Investments Co.’s holdings in American Electric Power were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in American Electric Power by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company’s stock valued at $2,860,000 after acquiring an additional 1,131 shares during the last quarter. Quest Partners LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at $377,000. Pathstone Holdings LLC boosted its position in shares of American Electric Power by 1.7% in the 3rd quarter. Pathstone Holdings LLC now owns 52,427 shares of the company’s stock worth $5,379,000 after purchasing an additional 878 shares during the last quarter. Caprock Group LLC grew its stake in shares of American Electric Power by 8.6% during the third quarter. Caprock Group LLC now owns 7,251 shares of the company’s stock worth $744,000 after purchasing an additional 573 shares during the period. Finally, Prospera Financial Services Inc increased its holdings in American Electric Power by 14.6% in the third quarter. Prospera Financial Services Inc now owns 17,937 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,287 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $106.21 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $56.68 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The stock’s 50-day moving average is $101.66 and its 200-day moving average is $99.05. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 business posted $1.23 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid 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 3.50%. American Electric Power’s payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. 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, JPMorgan Chase & Co. restated 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $99.92.

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.