Fox Run Management L.L.C. Cuts Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Fox Run Management L.L.C. decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 33.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,542 shares of the company’s stock after selling 2,320 shares during the quarter. Fox Run Management L.L.C.’s holdings in American Electric Power were worth $419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the third quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in American Electric Power during the 4th quarter worth approximately $32,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the 3rd quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power in the fourth quarter worth $35,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AEP. Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley lifted their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $99.92.

American Electric Power Trading Down 1.6 %

AEP stock opened at $102.50 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52. The company’s 50-day simple moving average is $102.24 and its 200-day simple moving average is $99.05. The firm has a market cap of $54.70 billion, a P/E ratio of 18.30, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting 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 period last year, the company earned $1.23 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio 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.