Xponance Inc. Sells 8,320 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Xponance Inc. trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 72,063 shares of the company's stock after selling 8,320 shares during the period. Xponance Inc.'s holdings in American Electric Power were worth $6,646,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after buying an additional 1,114,954 shares during the period. Geode Capital Management LLC raised its position in shares of American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after acquiring an additional 352,588 shares during the last quarter. FMR LLC lifted 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 valued at $704,549,000 after purchasing an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after purchasing an additional 100,578 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of American Electric Power by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company's stock worth $354,551,000 after purchasing an additional 84,704 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

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American Electric Power Stock Down 0.9 %

AEP stock traded down $0.93 during trading hours on Monday, reaching $104.18. 2,616,542 shares of the stock were exchanged, compared to its average volume of 2,762,198. The company has a market cap of $55.60 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.97 and a beta of 0.50. The firm's 50-day moving average is $101.89 and its 200-day moving average is $99.04. 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 debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

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 (EPS) 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 in the prior year, the firm earned $1.23 earnings per share. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.57%. The ex-dividend date was Monday, February 10th. American Electric Power's payout ratio is 66.43%.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Scotiabank lowered American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. BMO Capital Markets decreased their price objective on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 26th. Finally, Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a research report on Thursday. One 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.com, the stock has a consensus rating of "Hold" and an average target price of $99.92.

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.