9,103 Shares in American Electric Power Company, Inc. (AEP) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new position in shares of American Electric Power Company, Inc. (NYSE:AEP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,103 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. River Wealth Advisors LLC increased its position in shares of American Electric Power Company by 3.6% in the third quarter. River Wealth Advisors LLC now owns 16,767 shares of the company’s stock worth $1,077,000 after buying an additional 583 shares during the period. Duff & Phelps Investment Management Co. increased its position in shares of American Electric Power Company by 6.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 999,805 shares of the company’s stock worth $64,197,000 after buying an additional 57,920 shares during the period. Affinity Investment Advisors LLC increased its position in shares of American Electric Power Company by 8.4% in the second quarter. Affinity Investment Advisors LLC now owns 208,472 shares of the company’s stock worth $14,612,000 after buying an additional 16,227 shares during the period. Advisors Asset Management Inc. increased its position in shares of American Electric Power Company by 1.0% in the third quarter. Advisors Asset Management Inc. now owns 58,152 shares of the company’s stock worth $3,734,000 after buying an additional 560 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of American Electric Power Company by 0.4% in the second quarter. California State Teachers Retirement System now owns 1,074,153 shares of the company’s stock worth $75,287,000 after buying an additional 3,751 shares during the period. Hedge funds and other institutional investors own 68.13% of the company’s stock.

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

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 63.27 on Wednesday. The stock has a market cap of $31.11 billion, a PE ratio of 50.94 and a beta of 0.23. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $71.32. The firm has a 50 day moving average price of $63.19 and a 200 day moving average price of $63.42.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.12. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The company earned $3.80 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. American Electric Power Company’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that American Electric Power Company, Inc. will post $3.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, February 8th. American Electric Power Company’s payout ratio is currently 190.32%.

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A number of research analysts have issued reports on AEP shares. Jefferies Group LLC restated a “hold” rating and issued a $67.00 price objective on shares of American Electric Power Company in a research note on Tuesday, October 25th. Evercore ISI cut American Electric Power Company from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. RBC Capital Markets set a $66.00 price target on American Electric Power Company and gave the company a “hold” rating in a research report on Wednesday, January 4th. Guggenheim cut American Electric Power Company from a “buy” rating to a “neutral” rating in a research report on Monday, January 9th. Finally, Wells Fargo & Company raised American Electric Power Company from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 10th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.95.

About American Electric Power Company

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

5 Day Chart for NYSE:AEP

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NYSE:AEP).

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