American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,747 shares of the company’s stock after purchasing an additional 353 shares during the period. KCM Investment Advisors LLC’s holdings in American Electric Power were worth $622,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of American Electric Power during the 4th quarter worth about $220,983,000. Vanguard Group Inc. lifted its position in American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after buying an additional 763,813 shares in the last quarter. JPMorgan Chase & Co. grew its stake in American Electric Power by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock worth $315,498,000 after buying an additional 738,756 shares during the period. ANTIPODES PARTNERS Ltd increased its position in shares of American Electric Power by 94.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,386,375 shares of the company’s stock worth $127,876,000 after acquiring an additional 673,644 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of American Electric Power by 168.0% in the 4th quarter. Prudential Financial Inc. now owns 917,762 shares of the company’s stock valued at $84,645,000 after acquiring an additional 575,318 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $104.48 on Monday. The firm has a market cap of $55.76 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $110.48. The firm’s 50-day simple moving average is $103.79 and its 200-day simple moving average is $99.23. 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 (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting 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 last year, the business posted $1.23 earnings per share. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued 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 dividend yield of 3.56%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. BMO Capital Markets increased their target price on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Bank of America boosted their price target 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. 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. Finally, Morgan Stanley boosted their target price on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $100.77.

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.