Gulf International Bank UK Ltd Sells 458 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Gulf International Bank UK Ltd cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,107 shares of the company’s stock after selling 458 shares during the quarter. Gulf International Bank UK Ltd’s holdings in American Electric Power were worth $3,883,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AEP. XML Financial LLC raised its position in shares of American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after buying an additional 106 shares in the last quarter. PSI Advisors LLC grew its position in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares in the last quarter. Garrison Asset Management LLC increased its stake in American Electric Power by 0.6% in the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after acquiring an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY raised its holdings in shares of American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after acquiring an additional 110 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in shares of American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after acquiring an additional 112 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 1.6 %

Shares of AEP stock opened at $105.16 on Friday. The business has a 50-day moving average of $97.71 and a 200 day moving average of $98.31. 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 Company, Inc. has a 1-year low of $79.16 and a 1-year high of $107.84. The stock has a market capitalization of $56.07 billion, a PE ratio of 18.78, a P/E/G ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 quarter last year, the company posted $1.23 earnings per share. As a group, sell-side analysts anticipate 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 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 of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.54%. American Electric Power’s dividend payout ratio is presently 66.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Evercore ISI lowered their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. BMO Capital Markets dropped 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. Morgan Stanley reduced their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.46.

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.