American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,673 shares of the company's stock after selling 16,833 shares during the period. New York State Teachers Retirement System owned about 0.09% of American Electric Power worth $44,517,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its stake in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company's stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the period. Janus Henderson Group PLC grew its holdings in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp grew its holdings in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. FMR LLC grew 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 period. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power in the third quarter valued at approximately $80,207,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEP shares. Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Barclays lowered their price target on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. BMO Capital Markets cut 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. UBS Group boosted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, American Electric Power has a consensus rating of "Hold" and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of NASDAQ:AEP traded up $0.89 during midday trading on Wednesday, reaching $103.09. The company's stock had a trading volume of 2,510,081 shares, compared to its average volume of 3,311,624. The stock has a fifty day moving average of $95.84 and a 200 day moving average of $97.96. The firm has a market capitalization of $54.97 billion, a PE ratio of 18.41, a P/E/G ratio of 2.88 and a beta of 0.58. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $105.18.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its 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 business earned $1.23 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is 66.43%.

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.