Victory Capital Management Inc. Has $61.92 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Victory Capital Management Inc. lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 671,410 shares of the company's stock after selling 207,491 shares during the quarter. Victory Capital Management Inc. owned about 0.13% of American Electric Power worth $61,924,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its position in shares of American Electric Power by 318.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 8,341 shares of the company's stock valued at $768,000 after purchasing an additional 6,347 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in American Electric Power by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,284,891 shares of the company's stock worth $302,966,000 after buying an additional 101,691 shares during the period. Steward Partners Investment Advisory LLC increased its position in American Electric Power by 8.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 49,655 shares of the company's stock worth $4,580,000 after buying an additional 4,005 shares during the period. Mission Wealth Management LP increased its position in American Electric Power by 10.8% in the fourth quarter. Mission Wealth Management LP now owns 8,636 shares of the company's stock worth $796,000 after buying an additional 840 shares during the period. Finally, Fidelis Capital Partners LLC grew its stake in shares of American Electric Power by 6.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 2,135 shares of the company's stock worth $212,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Bank of America raised American Electric Power from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $98.46.

American Electric Power Stock Performance

AEP traded up $2.03 during midday trading on Friday, reaching $104.62. The company's stock had a trading volume of 4,042,200 shares, compared to its average volume of 3,396,798. The stock has a market cap of $55.78 billion, a P/E ratio of 18.68, a PEG ratio of 2.97 and a beta of 0.50. The company has a fifty day simple moving average of $99.21 and a 200 day simple moving average of $98.64. The company has a current ratio of 0.44, a quick ratio of 0.31 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 $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate 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 firm posted $1.23 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given 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%.

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.