Dodge & Cox Sells 5,285 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Dodge & Cox lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,575,220 shares of the company's stock after selling 5,285 shares during the period. Dodge & Cox owned 2.18% of American Electric Power worth $1,067,583,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $1,193,000. CreativeOne Wealth LLC boosted its stake in shares of American Electric Power by 10.3% in the 4th quarter. CreativeOne Wealth LLC now owns 9,934 shares of the company's stock valued at $916,000 after purchasing an additional 926 shares in the last quarter. Mariner LLC grew its holdings in shares of American Electric Power by 7.7% in the 4th quarter. Mariner LLC now owns 165,903 shares of the company's stock worth $15,301,000 after purchasing an additional 11,818 shares during the last quarter. Cohen & Steers Inc. bought a new position in American Electric Power during the 4th quarter valued at about $121,605,000. Finally, Keystone Financial Group boosted its position in American Electric Power by 2.1% in the fourth quarter. Keystone Financial Group now owns 9,262 shares of the company's stock valued at $854,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Trading Up 1.7 %

Shares of AEP stock traded up $1.79 during trading hours on Friday, reaching $107.71. The company had a trading volume of 3,156,599 shares, compared to its average volume of 3,166,440. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1-year low of $83.68 and a 1-year high of $110.48. The company has a 50 day moving average of $104.88 and a 200 day moving average of $99.47. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting 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 period in the previous year, the firm posted $1.23 earnings per share. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. American Electric Power's payout ratio is 66.43%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley boosted their price objective on American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 26th. One equities 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $100.77.

American Electric Power Company 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.