Rhumbline Advisers Sells 10,199 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Rhumbline Advisers lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 872,719 shares of the company's stock after selling 10,199 shares during the period. Rhumbline Advisers owned approximately 0.16% of American Electric Power worth $80,491,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the third quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the 4th quarter valued at $35,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power during the 3rd quarter valued at $48,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power in the 4th quarter worth $49,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Up 1.2 %

AEP traded up $1.26 during midday trading on Thursday, hitting $104.35. 2,702,037 shares of the company's stock traded hands, compared to its average volume of 3,293,174. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market cap of $55.64 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. The stock's fifty day simple moving average is $96.03 and its 200-day simple moving average is $97.99. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $105.18.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results 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 net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the prior year, the company posted $1.23 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research analyst reports. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley cut their target price on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. Barclays cut their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. Finally, Scotiabank cut American Electric Power from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $98.00.

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.