Bartlett & Co. LLC lowered its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,065 shares of the utilities provider’s stock after selling 200 shares during the quarter. Bartlett & Co. LLC’s holdings in American Electric Power were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in American Electric Power by 1.6% during the third quarter. Vanguard Group Inc. now owns 37,558,524 shares of the utilities provider’s stock worth $2,662,148,000 after acquiring an additional 584,608 shares during the period. Vanguard Group Inc increased its position in American Electric Power by 1.6% during the third quarter. Vanguard Group Inc now owns 37,558,524 shares of the utilities provider’s stock worth $2,662,148,000 after acquiring an additional 584,608 shares during the period. BlackRock Inc. increased its position in American Electric Power by 0.5% during the third quarter. BlackRock Inc. now owns 35,301,165 shares of the utilities provider’s stock worth $2,502,146,000 after acquiring an additional 164,878 shares during the period. Capital Research Global Investors increased its position in American Electric Power by 9.1% during the third quarter. Capital Research Global Investors now owns 18,496,658 shares of the utilities provider’s stock worth $1,311,043,000 after acquiring an additional 1,548,554 shares during the period. Finally, Alliancebernstein L.P. increased its position in American Electric Power by 1.9% during the third quarter. Alliancebernstein L.P. now owns 6,469,015 shares of the utilities provider’s stock worth $458,524,000 after acquiring an additional 122,077 shares during the period. 72.78% of the stock is currently owned by institutional investors and hedge funds.

In other American Electric Power news, insider Paul Chodak III sold 847 shares of American Electric Power stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $76.47, for a total transaction of $64,770.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lisa M. Barton sold 881 shares of American Electric Power stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total transaction of $68,321.55. Following the sale, the insider now owns 581 shares in the company, valued at approximately $45,056.55. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.

AEP opened at $77.75 on Friday. American Electric Power Company Inc has a fifty-two week low of $62.71 and a fifty-two week high of $81.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.46 and a current ratio of 0.56. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 3.25 and a beta of 0.10.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. American Electric Power had a net margin of 12.14% and a return on equity of 10.78%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that American Electric Power Company Inc will post 3.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 8th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.68 dividend on an annualized basis and a yield of 3.45%. American Electric Power’s dividend payout ratio is currently 72.83%.

A number of brokerages recently issued reports on AEP. Zacks Investment Research raised shares of American Electric Power from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, October 15th. Barclays boosted their target price on shares of American Electric Power from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, November 19th. Bank of America boosted their target price on shares of American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. American Electric Power presently has an average rating of “Buy” and a consensus target price of $76.53.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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