Crawford Investment Counsel Inc. lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,028,170 shares of the company’s stock after selling 18,605 shares during the period. American Electric Power accounts for 1.9% of Crawford Investment Counsel Inc.’s holdings, making the stock its 14th biggest position. Crawford Investment Counsel Inc.’s holdings in American Electric Power were worth $118,558,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. Brighton Jones LLC raised its stake in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of American Electric Power during the 1st quarter worth approximately $320,000. Sivia Capital Partners LLC raised its stake in shares of American Electric Power by 149.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of American Electric Power by 4.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock worth $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. raised its stake in shares of American Electric Power by 95.7% during the 2nd quarter. AXA S.A. now owns 79,111 shares of the company’s stock worth $8,209,000 after purchasing an additional 38,684 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.
American Electric Power Stock Up 0.3%
AEP opened at $129.75 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $100.72 and a 1-year high of $139.44. The stock’s fifty day simple moving average is $131.16 and its 200 day simple moving average is $125.80. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.42. The stock has a market cap of $70.60 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.
American Electric Power Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 8th. American Electric Power’s dividend payout ratio is 55.80%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. LADENBURG THALM/SH SH upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, March 4th. UBS Group lifted their target price on American Electric Power from $132.00 to $135.00 in a research note on Monday, March 9th. The Goldman Sachs Group boosted their target price on American Electric Power from $141.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price target on American Electric Power from $141.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.10.
View Our Latest Analysis on American Electric Power
About American Electric Power
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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