American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 359,597 shares of the company’s stock after selling 28,800 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in American Electric Power were worth $27,049,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEP. State Street Corp boosted its holdings in American Electric Power by 0.3% during the second quarter. State Street Corp now owns 27,146,446 shares of the company’s stock worth $2,285,731,000 after buying an additional 86,801 shares in the last quarter. Morgan Stanley boosted its stake in shares of American Electric Power by 23.7% during the 4th quarter. Morgan Stanley now owns 13,357,327 shares of the company’s stock worth $1,268,278,000 after acquiring an additional 2,560,192 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of American Electric Power by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,362,383 shares of the company’s stock worth $870,103,000 after acquiring an additional 307,915 shares during the last quarter. Royal Bank of Canada raised its position in shares of American Electric Power by 41.7% during the second quarter. Royal Bank of Canada now owns 7,340,523 shares of the company’s stock worth $618,073,000 after purchasing an additional 2,161,083 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of American Electric Power by 1.5% during the second quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock valued at $423,826,000 after purchasing an additional 75,124 shares during the last quarter. Institutional investors own 74.68% of the company’s stock.

American Electric Power Trading Up 0.9 %

NASDAQ:AEP opened at $76.66 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.60. The company has a market capitalization of $40.31 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.68 and a beta of 0.49. The stock’s 50 day moving average price is $80.21 and its 200 day moving average price is $78.79. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $96.05.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 9th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.59%. The ex-dividend date is Thursday, February 8th. American Electric Power’s payout ratio is 80.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Monday, January 22nd. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. Morgan Stanley upped their price target on shares of American Electric Power from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Barclays lifted their price objective on shares of American Electric Power from $82.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Sunday, November 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.73.

Check Out Our Latest Stock Analysis on American Electric Power

American Electric Power Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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