NTV Asset Management LLC Sells 185 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

NTV Asset Management LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,726 shares of the company’s stock after selling 185 shares during the period. NTV Asset Management LLC’s holdings in American Electric Power were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after acquiring an additional 3,589,451 shares in the last quarter. Morgan Stanley raised its position in American Electric Power by 4.1% during the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after buying an additional 587,145 shares during the last quarter. Invesco Ltd. raised its position in American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after buying an additional 1,181,706 shares during the last quarter. Royal Bank of Canada raised its position in American Electric Power by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after buying an additional 374,300 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in American Electric Power by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,428,035 shares of the company’s stock worth $333,077,000 after buying an additional 98,897 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their price target on shares of American Electric Power from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. Barclays increased their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.14.

American Electric Power Price Performance

American Electric Power stock traded up $0.35 during midday trading on Friday, reaching $88.60. The company’s stock had a trading volume of 3,332,412 shares, compared to its average volume of 3,215,932. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $92.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.36 and a current ratio of 0.54. The stock’s 50 day simple moving average is $84.10 and its 200 day simple moving average is $80.86. The firm has a market capitalization of $46.70 billion, a PE ratio of 16.44, a P/E/G ratio of 2.73 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 65.31%.

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.