Vaughan David Investments LLC IL Has $43.96 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Vaughan David Investments LLC IL increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 476,656 shares of the company’s stock after purchasing an additional 2,634 shares during the quarter. Vaughan David Investments LLC IL’s holdings in American Electric Power were worth $43,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AEP. Legacy Investment Solutions LLC bought a new position in American Electric Power during the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power during the 3rd quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new position in American Electric Power during the 4th quarter worth $35,000. Finally, Reston Wealth Management LLC bought a new position in American Electric Power during the 3rd quarter worth $48,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $106.29 on Tuesday. The company has a market cap of $56.67 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $107.36. The business has a 50 day moving average price of $96.80 and a 200-day moving average price of $98.13. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data 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 in the prior year, the firm earned $1.23 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AEP shares. Morgan Stanley decreased their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group boosted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and set 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, Barclays reduced their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.00.

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.