American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,702 shares of the company’s stock after selling 1,883 shares during the quarter. Amalgamated Bank’s holdings in American Electric Power were worth $9,564,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vaughan David Investments LLC IL raised its stake in American Electric Power by 0.6% in the fourth quarter. Vaughan David Investments LLC IL now owns 476,656 shares of the company’s stock valued at $43,962,000 after buying an additional 2,634 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of American Electric Power in the 4th quarter valued at about $293,000. Bank of New York Mellon Corp raised its position in shares of American Electric Power by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock worth $354,551,000 after acquiring an additional 84,704 shares in the last quarter. Hendley & Co. Inc. raised its position in shares of American Electric Power by 2.4% during the 4th quarter. Hendley & Co. Inc. now owns 39,208 shares of the company’s stock worth $3,616,000 after acquiring an additional 901 shares in the last quarter. Finally, Stack Financial Management Inc lifted its stake in American Electric Power by 56.7% during the fourth quarter. Stack Financial Management Inc now owns 299,425 shares of the company’s stock worth $27,616,000 after purchasing an additional 108,389 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 1.3 %

Shares of AEP stock opened at $107.70 on Wednesday. The company has a market capitalization of $57.43 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. 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 business’s 50 day moving average is $97.11 and its two-hundred day moving average is $98.20. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $107.84.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data 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 net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the business posted $1.23 EPS. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.45%. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEP shares. Evercore ISI dropped their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Company 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.