American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by GS Investments Inc.

GS Investments Inc. trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,389 shares of the company’s stock after selling 2,020 shares during the quarter. GS Investments Inc.’s holdings in American Electric Power were worth $1,788,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in American Electric Power by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company’s stock valued at $2,860,000 after acquiring an additional 1,131 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $377,000. Aviance Capital Partners LLC lifted its position in shares of American Electric Power by 35.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 9,647 shares of the company’s stock worth $990,000 after purchasing an additional 2,508 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of American Electric Power by 1.7% during the third quarter. Pathstone Holdings LLC now owns 52,427 shares of the company’s stock worth $5,379,000 after purchasing an additional 878 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in American Electric Power by 8.6% in the third quarter. Caprock Group LLC now owns 7,251 shares of the company’s stock valued at $744,000 after buying an additional 573 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1 %

Shares of NASDAQ:AEP opened at $105.84 on Thursday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52. The stock has a 50-day simple moving average of $101.38 and a 200-day simple moving average of $99.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market capitalization of $56.44 billion, a P/E ratio of 18.90, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 prior year, the business earned $1.23 earnings per share. Equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.51%. American Electric Power’s dividend payout ratio is presently 66.43%.

Analyst Ratings Changes

A number of research firms have recently commented on AEP. Barclays dropped their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Bank of America boosted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets dropped their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $99.23.

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.