American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,516,721 shares of the company's stock after selling 331,074 shares during the quarter. Alliancebernstein L.P. owned about 0.85% of American Electric Power worth $416,577,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its position in American Electric Power by 68.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,471 shares of the company's stock worth $227,000 after purchasing an additional 1,006 shares during the last quarter. Skba Capital Management LLC increased its holdings in shares of American Electric Power by 5.4% in the 4th quarter. Skba Capital Management LLC now owns 101,640 shares of the company's stock worth $9,374,000 after buying an additional 5,200 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of American Electric Power by 20.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 94,645 shares of the company's stock worth $8,729,000 after buying an additional 15,825 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of American Electric Power by 23.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,207,875 shares of the company's stock valued at $111,402,000 after buying an additional 230,562 shares in the last quarter. Finally, Joseph Group Capital Management lifted its holdings in shares of American Electric Power by 30.0% in the 4th quarter. Joseph Group Capital Management now owns 32,173 shares of the company's stock valued at $2,967,000 after acquiring an additional 7,417 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

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American Electric Power Trading Down 4.2 %

Shares of NASDAQ AEP traded down $4.63 during trading hours on Friday, reaching $104.48. The stock had a trading volume of 7,367,841 shares, compared to its average volume of 3,107,684. The business's fifty day moving average price is $103.79 and its two-hundred day moving average price is $99.26. The firm has a market cap of $55.76 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $110.48. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 in the prior year, the business posted $1.23 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.56%. The ex-dividend date was Monday, February 10th. American Electric Power's payout ratio is 66.43%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America raised their price target on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $100.77.

About American Electric Power

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.