Highland Capital Management LLC Has $5.21 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Highland Capital Management LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,096 shares of the company’s stock after buying an additional 470 shares during the period. Highland Capital Management LLC’s holdings in American Electric Power were worth $5,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Apella Capital LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at about $348,000. Rockline Wealth Management LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at about $1,982,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of American Electric Power by 7.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,327 shares of the company’s stock valued at $785,000 after purchasing an additional 656 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of American Electric Power by 1,592.1% during the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after purchasing an additional 389,675 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in American Electric Power by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock worth $190,432,000 after acquiring an additional 522,608 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research reports. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note on Thursday, January 11th. Barclays reissued an “equal weight” rating and issued a $83.00 price objective (down previously from $84.00) on shares of American Electric Power in a research note on Wednesday, February 28th. Cfra reissued a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Finally, Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $87.08.

American Electric Power Stock Up 2.8 %

Shares of NASDAQ:AEP opened at $84.80 on Thursday. The stock has a market cap of $44.65 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.93 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $96.05. The business’s 50 day moving average is $80.93 and its 200 day moving average is $79.31.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.15%. American Electric Power’s dividend payout ratio (DPR) is currently 82.82%.

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.