American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Amundi

Amundi lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,723,583 shares of the company's stock after selling 571,563 shares during the quarter. Amundi owned about 0.51% of American Electric Power worth $251,278,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. XML Financial LLC increased its position in shares of American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after acquiring an additional 106 shares during the last quarter. PSI Advisors LLC increased its position in shares of American Electric Power by 10.6% during the fourth 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 last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after acquiring an additional 112 shares during the last quarter. Albion Financial Group UT increased its position in shares of American Electric Power by 0.9% during the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock valued at $1,119,000 after acquiring an additional 112 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of American Electric Power by 11.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock valued at $103,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEP. BMO Capital Markets dropped their price target on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America raised shares of American Electric Power from an "underperform" rating to a "buy" rating and raised their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Scotiabank lowered shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $98.46.

American Electric Power Stock Up 2.0 %

American Electric Power stock traded up $2.03 during trading on Friday, reaching $104.62. The stock had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52. The business has a 50 day moving average price of $99.21 and a 200 day moving average price of $98.64. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market cap of $55.78 billion, a PE ratio of 18.68, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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 net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company earned $1.23 earnings per share. On average, analysts predict 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. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power's dividend payout ratio is presently 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.