Donaldson Capital Management LLC Sells 948 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Donaldson Capital Management LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,358 shares of the company’s stock after selling 948 shares during the quarter. Donaldson Capital Management LLC’s holdings in American Electric Power were worth $547,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AEP. International Assets Investment Management LLC increased its stake in shares of American Electric Power by 8.9% in the third quarter. International Assets Investment Management LLC now owns 3,470 shares of the company’s stock worth $263,000 after purchasing an additional 283 shares in the last quarter. DAVENPORT & Co LLC grew its stake in American Electric Power by 2.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 62,239 shares of the company’s stock valued at $4,682,000 after buying an additional 1,202 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in American Electric Power by 116.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 12,102 shares of the company’s stock valued at $910,000 after acquiring an additional 6,506 shares during the period. Caprock Group LLC purchased a new stake in shares of American Electric Power during the third quarter worth $251,000. Finally, RDA Financial Network boosted its holdings in shares of American Electric Power by 14.4% in the third quarter. RDA Financial Network now owns 3,696 shares of the company’s stock worth $278,000 after acquiring an additional 464 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AEP shares. Scotiabank lowered their price target on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Finally, Barclays raised their price target on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.08.

American Electric Power Trading Down 1.8 %

Shares of NASDAQ AEP traded down $1.60 during trading hours on Friday, hitting $85.26. The company’s stock had a trading volume of 2,975,865 shares, compared to its average volume of 2,656,889. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.56. The stock has a market cap of $44.90 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The business has a 50-day simple moving average of $83.53 and a 200-day simple moving average of $80.42.

American Electric Power (NASDAQ:AEP) last announced 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). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. On average, analysts anticipate 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 will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 4.13%. American Electric Power’s payout ratio is 82.82%.

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.