Boston Partners Lowers Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Boston Partners lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,249,494 shares of the company's stock after selling 246,672 shares during the quarter. Boston Partners owned 0.23% of American Electric Power worth $115,256,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of American Electric Power in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power in the third quarter valued at approximately $33,000. Fairway Wealth LLC purchased a new position in shares of American Electric Power in the fourth quarter valued at approximately $32,000. Finally, Kestra Investment Management LLC purchased a new position in American Electric Power in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Stock Performance

Shares of American Electric Power stock traded down $1.10 during trading on Friday, reaching $105.11. The company's stock had a trading volume of 5,649,156 shares, compared to its average volume of 2,762,781. The company has a 50-day moving average price of $101.89 and a two-hundred day moving average price of $99.07. The firm has a market cap of $56.10 billion, a PE ratio of 18.77, a P/E/G ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

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American Electric Power (NASDAQ:AEP - Get Free Report) last announced its 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 net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the business posted $1.23 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given 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 3.54%. American Electric Power's dividend payout ratio (DPR) is 66.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEP. Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America lifted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Barclays decreased their price target on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 26th. BMO Capital Markets decreased 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 note on Friday, January 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, American Electric Power has a consensus rating of "Hold" and a consensus price target of $99.92.

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.