TIAA Trust National Association Grows Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

TIAA Trust National Association raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,579 shares of the company’s stock after buying an additional 1,885 shares during the period. TIAA Trust National Association’s holdings in American Electric Power were worth $3,189,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SouthState Corp increased its stake in shares of American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares during the last quarter. PSI Advisors LLC raised its stake in shares of American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after purchasing an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after purchasing an additional 112 shares during the last quarter. Albion Financial Group UT grew its stake in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock worth $1,119,000 after purchasing an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after buying an additional 112 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.4 %

AEP stock opened at $103.90 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $55.45 billion, a PE ratio of 18.55, a P/E/G ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $109.52. The firm has a 50 day simple moving average of $102.42 and a 200 day simple moving average of $99.09.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share 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 last year, the firm posted $1.23 earnings per share. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets increased their target price on American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a report on Wednesday. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America boosted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has a consensus 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.