American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,923 shares of the company's stock after selling 3,612 shares during the period. Berkshire Asset Management LLC PA's holdings in American Electric Power were worth $2,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC grew its position in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock worth $1,280,655,000 after purchasing an additional 352,588 shares during the last quarter. FMR LLC grew its position in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in American Electric Power by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after purchasing an additional 100,578 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in American Electric Power by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company's stock worth $354,551,000 after purchasing an additional 84,704 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

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American Electric Power Stock Performance

Shares of AEP traded up $2.03 during trading hours on Friday, hitting $104.62. The stock had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. 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 firm has a 50-day moving average price of $99.21 and a 200 day moving average price of $98.64. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a market capitalization of $55.78 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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 net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Monday, February 10th. American Electric Power's dividend payout ratio is presently 66.43%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 26th. BMO Capital Markets dropped 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 report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Bank of America raised shares of American Electric Power from an "underperform" rating to a "buy" rating and upped their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $98.46.

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.