Intech Investment Management LLC Cuts Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Intech Investment Management LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,604 shares of the company’s stock after selling 9,695 shares during the period. Intech Investment Management LLC’s holdings in American Electric Power were worth $4,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Apella Capital LLC bought a new position in American Electric Power during the fourth quarter valued at approximately $348,000. Rockline Wealth Management LLC purchased a new stake in American Electric Power in the 4th quarter worth $1,982,000. Nisa Investment Advisors LLC lifted its position in shares of American Electric Power by 28.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after buying an additional 11,065 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of American Electric Power by 1,592.1% during the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after acquiring an additional 389,675 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in American Electric Power during the fourth quarter valued at $140,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

American Electric Power stock traded down $0.31 during midday trading on Monday, reaching $88.97. The company had a trading volume of 3,123,500 shares, compared to its average volume of 3,579,067. The firm’s fifty day simple moving average is $86.35 and its 200-day simple moving average is $82.50. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $93.44. The company has a market capitalization of $46.90 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.63 and a beta of 0.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37.

American Electric Power (NASDAQ:AEPGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the company earned $1.11 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, May 9th. American Electric Power’s payout ratio is currently 65.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on AEP. Scotiabank raised their price objective on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their target price on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $88.43.

Get Our Latest Research Report on American Electric Power

American Electric Power Company Profile

(Free Report)

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.

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

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