Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $92.27 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000,384 shares of the company's stock after selling 3,949 shares during the quarter. American Electric Power makes up 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's portfolio, making the stock its 28th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of American Electric Power worth $92,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in shares of American Electric Power by 4.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company's stock worth $2,860,000 after purchasing an additional 1,131 shares during the last quarter. Quest Partners LLC bought a new stake in American Electric Power in the third quarter worth $377,000. Aviance Capital Partners LLC boosted its holdings in American Electric Power by 35.1% in the third quarter. Aviance Capital Partners LLC now owns 9,647 shares of the company's stock worth $990,000 after purchasing an additional 2,508 shares in the last quarter. Pathstone Holdings LLC increased its position in American Electric Power by 1.7% during the third quarter. Pathstone Holdings LLC now owns 52,427 shares of the company's stock worth $5,379,000 after buying an additional 878 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in American Electric Power by 8.6% during the third quarter. Caprock Group LLC now owns 7,251 shares of the company's stock valued at $744,000 after buying an additional 573 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEP. BMO Capital Markets decreased their price target on 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. Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America boosted their price objective 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. Finally, Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $99.92.

American Electric Power Stock Performance

AEP stock traded down $0.93 during trading on Monday, reaching $104.18. 2,616,542 shares of the stock were exchanged, compared to its average volume of 2,762,206. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month 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. The company has a market capitalization of $55.60 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The stock has a 50 day simple moving average of $102.08 and a 200-day simple moving average of $99.05.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (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 quarter in the previous year, the firm earned $1.23 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's payout ratio is 66.43%.

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.