Chevy Chase Trust Holdings LLC Trims Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Chevy Chase Trust Holdings LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 916,293 shares of the company's stock after selling 3,761 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.17% of American Electric Power worth $84,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AEP. XML Financial LLC lifted its position in American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after buying an additional 106 shares during the last quarter. PSI Advisors LLC raised its stake in shares of American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after acquiring an additional 107 shares during the period. Garrison Asset Management LLC lifted its holdings in shares of American Electric Power by 0.6% in the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock worth $1,950,000 after acquiring an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY boosted its position in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock worth $516,000 after purchasing an additional 110 shares during the period. Finally, First United Bank & Trust increased its holdings in American Electric Power by 17.1% in the 3rd quarter. First United Bank & Trust now owns 766 shares of the company's stock valued at $79,000 after purchasing an additional 112 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.4 %

NASDAQ AEP traded up $0.37 on Tuesday, hitting $102.20. 3,145,506 shares of the stock were exchanged, compared to its average volume of 3,337,450. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $105.18. The company has a 50-day moving average price of $95.84 and a 200-day moving average price of $97.96. The company has a market cap of $54.38 billion, a PE ratio of 20.48, a PEG ratio of 2.84 and a beta of 0.58. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same period last year, the firm earned $1.23 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power's payout ratio is 74.55%.

Analyst Ratings Changes

A number of research firms have commented on AEP. Evercore ISI decreased their price target on 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. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.