Donaldson Capital Management LLC Acquires 475 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Donaldson Capital Management LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,794 shares of the company’s stock after buying an additional 475 shares during the quarter. Donaldson Capital Management LLC’s holdings in American Electric Power were worth $877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. American Research & Management Co. lifted its position in American Electric Power by 100.0% during the 1st quarter. American Research & Management Co. now owns 250 shares of the company’s stock worth $25,000 after buying an additional 125 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of American Electric Power by 1,288.9% during the 1st quarter. Center for Financial Planning Inc. now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of American Electric Power during the 4th quarter worth about $26,000. US Asset Management LLC acquired a new position in shares of American Electric Power during the 1st quarter worth about $28,000. Finally, Tcwp LLC acquired a new position in shares of American Electric Power during the 1st quarter worth about $32,000. 74.70% of the stock is owned by institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $103.98 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $53.42 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.28 and a beta of 0.34. American Electric Power Company, Inc. has a 12-month low of $80.22 and a 12-month high of $105.48. The firm has a 50-day moving average price of $99.14 and a two-hundred day moving average price of $98.46.

American Electric Power (NASDAQ:AEPGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. American Electric Power had a net margin of 14.39% and a return on equity of 10.46%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Analysts anticipate that American Electric Power Company, Inc. will post 5 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 61.30%.

Analyst Ratings Changes

A number of research analysts recently commented on AEP shares. Evercore ISI upped their price target on shares of American Electric Power to $107.00 in a research note on Monday, August 15th. Credit Suisse Group upped their price target on shares of American Electric Power from $103.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Citigroup upped their price target on shares of American Electric Power from $94.00 to $99.00 in a research note on Thursday, July 28th. Finally, Morgan Stanley upped their price target on shares of American Electric Power from $111.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

About American Electric Power

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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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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