Fulton Breakefield Broenniman LLC Acquires 143 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Fulton Breakefield Broenniman LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,678 shares of the company’s stock after purchasing an additional 143 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in American Electric Power were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BLB&B Advisors LLC lifted its holdings in shares of American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after buying an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of American Electric Power by 4.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after buying an additional 132 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after buying an additional 138 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after buying an additional 140 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in American Electric Power by 5.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company’s stock valued at $220,000 after purchasing an additional 142 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEP. Barclays lifted their target price on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Cfra reissued a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Monday, January 22nd. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Thursday, January 11th. Finally, LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.08.

American Electric Power Stock Down 1.8 %

NASDAQ:AEP traded down $1.60 during mid-day trading on Friday, hitting $85.26. 2,975,865 shares of the company’s stock traded hands, compared to its average volume of 2,656,889. The company has a fifty day moving average of $83.53 and a 200 day moving average of $80.42. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $44.90 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.07 and a beta of 0.51. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.56.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. On average, analysts forecast that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.13%. American Electric Power’s payout ratio is 82.82%.

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.