Evergreen Capital Management LLC Purchases 835 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Evergreen Capital Management LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,479 shares of the company’s stock after acquiring an additional 835 shares during the quarter. Evergreen Capital Management LLC’s holdings in American Electric Power were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ purchased a new position in American Electric Power in the fourth quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new position in American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new position in American Electric Power during the fourth quarter valued at $38,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 1.7 %

AEP opened at $107.71 on Friday. The firm has a market capitalization of $57.48 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a one year low of $82.75 and a one year high of $110.48. The company has a fifty day moving average price of $104.88 and a 200-day moving average price of $99.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last posted its earnings results 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 quarter in the previous year, the business earned $1.23 earnings per share. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets boosted their price target on shares of American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.77.

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.