TrueMark Investments LLC Increases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

TrueMark Investments LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,770 shares of the company’s stock after purchasing an additional 3,488 shares during the quarter. TrueMark Investments LLC’s holdings in American Electric Power were worth $3,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of American Electric Power in the 4th quarter worth about $32,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the 3rd quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power in the 4th quarter worth about $35,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

Shares of AEP stock opened at $102.50 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average price of $102.24 and a 200-day moving average price of $99.05. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $109.52. The firm has a market capitalization of $54.70 billion, a PE ratio of 18.30, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Morgan Stanley boosted their price target on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Barclays reduced their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research 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. According to data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $99.92.

American Electric Power 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.