Columbia Asset Management Has $876,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Columbia Asset Management grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,496 shares of the company’s stock after buying an additional 128 shares during the quarter. Columbia Asset Management’s holdings in American Electric Power were worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in American Electric Power in the fourth quarter valued at approximately $220,983,000. Janus Henderson Group PLC raised its holdings in shares of American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. State Street Corp raised its holdings in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $80,207,000. Finally, Vanguard Group Inc. boosted its holdings in American Electric Power by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock worth $4,767,425,000 after purchasing an additional 763,813 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent research reports. Bank of America raised their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $100.77.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $108.37 on Wednesday. The firm has a fifty day moving average price of $103.23 and a two-hundred day moving average price of $99.17. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.76. 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 company has a market cap of $57.84 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting 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 business earned $1.23 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is currently 66.43%.

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.