American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 68.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,471 shares of the company’s stock after purchasing an additional 1,006 shares during the period. Hazlett Burt & Watson Inc.’s holdings in American Electric Power were worth $227,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Skba Capital Management LLC boosted its holdings in shares of American Electric Power by 5.4% in the 4th quarter. Skba Capital Management LLC now owns 101,640 shares of the company’s stock valued at $9,374,000 after acquiring an additional 5,200 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in American Electric Power by 20.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 94,645 shares of the company’s stock valued at $8,729,000 after purchasing an additional 15,825 shares during the last quarter. Mawer Investment Management Ltd. grew its position in American Electric Power by 23.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,207,875 shares of the company’s stock worth $111,402,000 after purchasing an additional 230,562 shares during the period. Joseph Group Capital Management raised its stake in shares of American Electric Power by 30.0% during the 4th quarter. Joseph Group Capital Management now owns 32,173 shares of the company’s stock valued at $2,967,000 after buying an additional 7,417 shares during the last quarter. Finally, Allstate Corp acquired a new position in shares of American Electric Power in the 4th quarter valued at about $1,468,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a report on Wednesday, March 26th. Bank of America upped their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $100.77.

American Electric Power Stock Up 1.7 %

AEP stock opened at $106.96 on Monday. The company has a market cap of $57.08 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.97 and a beta of 0.50. The firm has a 50-day moving average of $102.78 and a two-hundred day moving average of $99.10. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $109.52. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business earned $1.23 EPS. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is presently 66.43%.

About American Electric Power

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.