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

Toronto Dominion Bank lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,518 shares of the company’s stock after selling 13,736 shares during the period. Toronto Dominion Bank owned 0.06% of American Electric Power worth $28,915,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power in the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in American Electric Power in the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the fourth quarter worth about $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth about $35,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of American Electric Power in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $103.04 on Monday. 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 stock’s 50 day moving average is $105.28 and its two-hundred day moving average is $100.35. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48. The firm has a market capitalization of $55.04 billion, a PE ratio of 18.40, a P/E/G ratio of 2.97 and a beta of 0.45.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. American Electric Power’s quarterly revenue was up 8.7% on a year-over-year basis. Research 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 71.68%.

Analysts Set New Price Targets

Several research firms have commented on AEP. Citigroup lifted their price target on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Bank of America lifted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Finally, Barclays increased their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $105.77.

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.