Skba Capital Management LLC Purchases 5,200 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Skba Capital Management LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 101,640 shares of the company’s stock after purchasing an additional 5,200 shares during the period. Skba Capital Management LLC’s holdings in American Electric Power were worth $9,374,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power in the 3rd quarter worth approximately $33,000. Fairway Wealth LLC bought a new stake in American Electric Power in the fourth quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at approximately $35,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEP shares. BMO Capital Markets lifted 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 note on Wednesday, March 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. 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 note on Thursday, March 20th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $100.77.

American Electric Power Stock Up 1.7 %

NASDAQ:AEP opened at $106.96 on Monday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The company has a market capitalization of $57.08 billion, a PE ratio of 19.10, a P/E/G ratio of 2.97 and a beta of 0.50. The firm’s 50-day moving average price is $102.78 and its 200-day moving average price is $99.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.48%. American Electric Power’s dividend payout ratio is currently 66.43%.

American Electric Power 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.