Natixis Advisors LLC Has $37.32 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Natixis Advisors LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 404,600 shares of the company's stock after selling 16,352 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of American Electric Power worth $37,316,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its stake in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after acquiring an additional 352,588 shares during the last quarter. FMR LLC lifted its stake in American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company's stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in American Electric Power by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after acquiring an additional 100,578 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in American Electric Power by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company's stock valued at $354,551,000 after acquiring an additional 84,704 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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American Electric Power Stock Performance

American Electric Power stock traded up $0.37 on Thursday, hitting $106.21. The company's stock had a trading volume of 2,941,158 shares, compared to its average volume of 2,762,540. The firm has a market cap of $56.63 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. 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 company has a fifty day moving average price of $101.38 and a 200-day moving average price of $99.00. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 last year, the firm posted $1.23 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.50%. American Electric Power's dividend payout ratio is presently 66.43%.

Analysts Set New Price Targets

A number of analysts have issued reports on AEP shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America lifted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price target 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. Finally, BMO Capital Markets dropped their target price on shares of 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $99.92.

About American Electric Power

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.