Swiss National Bank Sells 61,400 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Swiss National Bank lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,503,200 shares of the company's stock after selling 61,400 shares during the quarter. Swiss National Bank owned approximately 0.28% of American Electric Power worth $138,640,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AEP. Raymond James Financial Inc. acquired a new position in shares of American Electric Power during the fourth quarter valued at approximately $220,983,000. Janus Henderson Group PLC boosted its stake 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 valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. State Street Corp increased its position in shares of American Electric Power by 4.3% during the 3rd 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 raised its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after buying an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of American Electric Power in the third quarter valued at $80,207,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on AEP. Barclays lowered their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 26th. Scotiabank downgraded shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday. One 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $99.23.

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American Electric Power Stock Up 0.1 %

NASDAQ:AEP traded up $0.13 during trading hours on Tuesday, hitting $105.99. 2,757,497 shares of the company's stock traded hands, compared to its average volume of 2,776,746. The stock's fifty day moving average price is $100.80 and its two-hundred day moving average price is $98.91. The firm has a market cap of $56.52 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its 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 return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the business posted $1.23 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

American Electric Power 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.