American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,289 shares of the company's stock after selling 24,423 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in American Electric Power were worth $3,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the third quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ purchased a new position in American Electric Power during the fourth quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in American Electric Power during the fourth quarter worth approximately $32,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power during the third quarter worth approximately $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in American Electric Power during the fourth quarter worth approximately $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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American Electric Power Trading Down 1.0 %

Shares of NASDAQ AEP traded down $1.10 during trading on Friday, reaching $105.11. The stock had a trading volume of 5,649,156 shares, compared to its average volume of 2,762,781. 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 debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The business's 50-day moving average price is $101.89 and its 200-day moving average price is $99.07. The company has a market cap of $56.10 billion, a P/E ratio of 18.77, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share 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 earned $1.23 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.54%. 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.