Donaldson Capital Management LLC Buys 747 Shares of American Electric Power Company Inc (NYSE:AEP)

Donaldson Capital Management LLC raised its stake in American Electric Power Company Inc (NYSE:AEP) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,280 shares of the utilities provider’s stock after purchasing an additional 747 shares during the quarter. Donaldson Capital Management LLC’s holdings in American Electric Power were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. 6 Meridian increased its stake in shares of American Electric Power by 3.9% during the fourth quarter. 6 Meridian now owns 6,320 shares of the utilities provider’s stock valued at $597,000 after buying an additional 237 shares during the period. Allred Capital Management LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $183,000. Clear Street Markets LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $529,000. Foster Victor Wealth Advisors LLC increased its stake in shares of American Electric Power by 27.0% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 22,223 shares of the utilities provider’s stock valued at $2,076,000 after buying an additional 4,726 shares during the period. Finally, TIAA FSB increased its stake in shares of American Electric Power by 4.4% during the fourth quarter. TIAA FSB now owns 36,972 shares of the utilities provider’s stock valued at $3,494,000 after buying an additional 1,544 shares during the period. Hedge funds and other institutional investors own 73.81% of the company’s stock.

AEP has been the topic of several research analyst reports. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Friday, January 3rd. Wolfe Research set a $101.00 target price on American Electric Power and gave the company a “buy” rating in a research note on Friday, October 25th. ValuEngine cut American Electric Power from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating in a research note on Friday, January 3rd. Finally, SunTrust Banks set a $102.00 target price on American Electric Power and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. American Electric Power presently has an average rating of “Buy” and an average target price of $96.73.

Shares of AEP stock opened at $94.98 on Wednesday. The stock has a market cap of $46.74 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.79 and a beta of 0.07. The business’s fifty day moving average is $93.10 and its 200 day moving average is $91.70. American Electric Power Company Inc has a twelve month low of $73.72 and a twelve month high of $96.22. The company has a quick ratio of 0.36, a current ratio of 0.48 and a debt-to-equity ratio of 1.27.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.14. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $5.08 billion. American Electric Power had a return on equity of 11.09% and a net margin of 13.52%. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities research analysts expect that American Electric Power Company Inc will post 4.18 earnings per share for the current fiscal year.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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