Teacher Retirement System of Texas Sells 134,805 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Teacher Retirement System of Texas cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 37.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,909 shares of the company's stock after selling 134,805 shares during the quarter. Teacher Retirement System of Texas' holdings in American Electric Power were worth $21,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new position in American Electric Power during the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $33,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $32,000. Finally, Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 1.4 %

American Electric Power stock traded up $1.40 during mid-day trading on Wednesday, hitting $103.90. The company had a trading volume of 5,938,478 shares, compared to its average volume of 2,859,606. 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 stock's 50 day moving average price is $102.24 and its two-hundred day moving average price is $99.05. The company has a market capitalization of $55.45 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

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American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 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 quarter in the prior year, the business posted $1.23 EPS. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is currently 66.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AEP shares. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Bank of America raised their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Morgan Stanley boosted 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, March 20th. BMO Capital Markets raised their price objective on shares of American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Barclays reduced 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $100.77.

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.