American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Trimmed by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,900,553 shares of the company's stock after selling 194,280 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.92% of American Electric Power worth $451,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. DAVENPORT & Co LLC raised its holdings in shares of American Electric Power by 6.1% in the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after buying an additional 3,288 shares during the last quarter. Secure Asset Management LLC increased its holdings in shares of American Electric Power by 22.4% in the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock valued at $2,206,000 after purchasing an additional 4,370 shares during the period. Grove Bank & Trust raised its stake in shares of American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock worth $654,000 after purchasing an additional 5,771 shares during the last quarter. J2 Capital Management Inc acquired a new position in American Electric Power in the 4th quarter valued at $419,000. Finally, Principal Financial Group Inc. raised its position in American Electric Power by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company's stock worth $65,667,000 after buying an additional 19,081 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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American Electric Power Stock Down 2.3 %

NASDAQ AEP traded down $2.45 during trading hours on Monday, reaching $102.03. 2,684,321 shares of the company traded hands, compared to its average volume of 3,106,384. The stock has a market capitalization of $54.45 billion, a PE ratio of 18.16, a PEG ratio of 2.97 and a beta of 0.43. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $110.48. The company has a 50 day moving average of $103.79 and a two-hundred day moving average of $99.23.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting 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 prior year, the business earned $1.23 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Bank of America upped their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company 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 assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $100.77.

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.