McDonough Capital Management Inc Has $262,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

McDonough Capital Management Inc trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,840 shares of the company’s stock after selling 688 shares during the period. McDonough Capital Management Inc’s holdings in American Electric Power were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AEP. Inceptionr LLC bought a new position in American Electric Power in the 4th quarter worth approximately $260,000. Raymond James Financial Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at $220,983,000. Dana Investment Advisors Inc. raised its position in shares of American Electric Power by 36.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 2,800 shares of the company’s stock worth $258,000 after acquiring an additional 743 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of American Electric Power by 0.8% during the fourth quarter. Arizona State Retirement System now owns 152,322 shares of the company’s stock valued at $14,049,000 after acquiring an additional 1,184 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in American Electric Power in the fourth quarter valued at about $149,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $103.39 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a 50 day simple moving average of $98.75 and a 200 day simple moving average of $98.55. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The stock has a market cap of $55.13 billion, a P/E ratio of 18.46, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 company earned $1.23 earnings per share. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.60%. American Electric Power’s payout ratio is presently 66.43%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AEP shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Barclays cut their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets lowered their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Evercore ISI cut their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.46.

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.