American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,019 shares of the company's stock after selling 43,973 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in American Electric Power were worth $16,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power during the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new stake in American Electric Power in the 4th quarter valued at $32,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the 3rd quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AEP shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank lowered shares of 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. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. 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. Finally, 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. One 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $99.92.

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American Electric Power Stock Down 0.9 %

AEP traded down $0.93 during trading hours on Monday, hitting $104.18. 2,616,542 shares of the company's stock were exchanged, compared to its average volume of 2,762,206. The firm has a market cap 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. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-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 firm has a 50 day moving average of $102.08 and a 200 day moving average of $99.05.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share 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 quarter last year, the company earned $1.23 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given 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 dividend payout ratio is presently 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.