American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,367 shares of the company’s stock after selling 789 shares during the period. Dean Investment Associates LLC’s holdings in American Electric Power were worth $4,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. SouthState Corp grew its position in shares of American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares in the last quarter. PSI Advisors LLC lifted its position in shares of American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in shares of American Electric Power by 3.7% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after purchasing an additional 112 shares in the last quarter. Albion Financial Group UT increased its holdings in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after buying an additional 112 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock worth $103,000 after buying an additional 112 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEP. Bank of America raised their target price on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Morgan Stanley upped 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. BMO Capital Markets boosted their target price on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, March 26th. Finally, Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.77.

American Electric Power Stock Performance

NASDAQ AEP opened at $105.92 on Thursday. 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 business’s 50 day moving average is $104.63 and its two-hundred day moving average is $99.42. The stock has a market capitalization of $56.53 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 12-month low of $79.85 and a 12-month high of $110.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting 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 in the previous year, the business earned $1.23 earnings per share. Research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.51%. American Electric Power’s payout ratio is currently 66.43%.

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.