Asset Management One Co. Ltd. Sells 23,025 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Asset Management One Co. Ltd. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,777 shares of the company’s stock after selling 23,025 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American Electric Power were worth $22,457,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in American Electric Power in the 3rd quarter worth approximately $27,000. Penserra Capital Management LLC acquired a new stake in American Electric Power in the 1st quarter worth approximately $27,000. Mizuho Securities Co. Ltd. acquired a new stake in American Electric Power in the 3rd quarter worth approximately $33,000. Hallmark Capital Management Inc. acquired a new stake in American Electric Power in the 2nd quarter worth approximately $34,000. Finally, Charter Oak Capital Management LLC acquired a new stake in American Electric Power in the 2nd quarter worth approximately $35,000. Institutional investors own 74.33% of the company’s stock.

American Electric Power Price Performance

Shares of AEP stock opened at $92.70 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.69 and a current ratio of 0.79. American Electric Power Company, Inc. has a 52 week low of $80.30 and a 52 week high of $105.60. The stock has a market capitalization of $47.64 billion, a PE ratio of 19.19, a PEG ratio of 2.80 and a beta of 0.42. The stock’s fifty day moving average is $94.95 and its 200-day moving average is $94.17.

American Electric Power (NASDAQ:AEPGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.05. American Electric Power had a return on equity of 10.73% and a net margin of 13.08%. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts expect that American Electric Power Company, Inc. will post 5.03 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 3.58%. American Electric Power’s dividend payout ratio (DPR) is presently 68.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AEP shares. StockNews.com started coverage on American Electric Power in a report on Wednesday, October 12th. They set a “hold” rating for the company. Cfra cut their price target on American Electric Power from $105.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, October 27th. Credit Suisse Group upped their target price on American Electric Power from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, December 16th. Wells Fargo & Company upped their target price on American Electric Power from $96.00 to $108.00 in a research note on Wednesday, December 14th. Finally, Bank of America lowered American Electric Power from a “buy” rating to a “neutral” rating and cut their target price for the company from $101.00 to $98.00 in a research note on Monday, December 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.82.

American Electric Power Profile

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.

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

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