American Electric Power Company, Inc. (NASDAQ:AEP) Position Trimmed by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 676,450 shares of the company’s stock after selling 50,150 shares during the period. American Electric Power accounts for about 7.6% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 7th biggest holding. Maple Brown Abbott Ltd owned approximately 0.13% of American Electric Power worth $62,409,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. Legacy Investment Solutions LLC purchased a new stake in American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the third quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in American Electric Power during the 3rd quarter valued at approximately $48,000. Friedenthal Financial bought a new stake in American Electric Power in the 3rd quarter worth approximately $50,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of American Electric Power during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets cut their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of AEP stock opened at $98.18 on Monday. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company has a market cap of $52.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a fifty day moving average price of $94.87 and a 200 day moving average price of $97.26.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.79%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

American Electric Power 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.