Crestwood Advisors Group LLC Has $730,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Crestwood Advisors Group LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,920 shares of the company’s stock after buying an additional 729 shares during the quarter. Crestwood Advisors Group LLC’s holdings in American Electric Power were worth $730,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its stake in American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after buying an additional 3,288 shares during the last quarter. Secure Asset Management LLC grew its stake in American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after buying an additional 4,370 shares during the last quarter. Grove Bank & Trust grew its stake in American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after buying an additional 5,771 shares during the last quarter. J2 Capital Management Inc bought a new stake in American Electric Power during the fourth quarter worth about $419,000. Finally, Principal Financial Group Inc. grew its stake in American Electric Power by 3.1% during the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after buying an additional 19,081 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP stock opened at $107.70 on Wednesday. The firm’s 50 day moving average price is $97.11 and its two-hundred day moving average price is $98.20. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market cap of $57.43 billion, a PE ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $107.84.

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 the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the firm earned $1.23 EPS. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Analyst Ratings Changes

AEP has been the topic of several research analyst reports. BMO Capital Markets decreased their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Evercore ISI decreased their price target on shares of 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. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.00.

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.