James Investment Research Inc. Sells 27,210 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

James Investment Research Inc. decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 69.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,010 shares of the company's stock after selling 27,210 shares during the quarter. James Investment Research Inc.'s holdings in American Electric Power were worth $1,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEP. XML Financial LLC raised its position in American Electric Power by 3.8% in the 3rd 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 increased its holdings in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after acquiring an additional 107 shares during the last quarter. Garrison Asset Management LLC raised its position in shares of American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock valued at $1,950,000 after purchasing an additional 109 shares during the period. Roanoke Asset Management Corp NY lifted its position in shares of American Electric Power by 2.2% during the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock worth $516,000 after acquiring an additional 110 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after purchasing an additional 112 shares during the period. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AEP shares. Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 26th. Morgan Stanley reduced their target price on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on 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. Finally, Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, American Electric Power currently has an average rating of "Hold" and a consensus price target of $98.00.

American Electric Power Trading Up 1.2 %

AEP stock traded up $1.26 during trading on Thursday, hitting $104.35. 2,702,037 shares of the company traded hands, compared to its average volume of 3,293,174. The firm has a market capitalization of $55.64 billion, a PE ratio of 18.63, a P/E/G ratio of 2.89 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $105.18. The company has a 50-day moving average of $96.26 and a 200-day moving average of $98.04. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate 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 previous year, the firm posted $1.23 earnings per share. Analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared 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 payout ratio is 66.43%.

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.