Sand Hill Global Advisors LLC Has $5.43 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Sand Hill Global Advisors LLC lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,900 shares of the company’s stock after selling 268 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in American Electric Power were worth $5,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC bought a new position in American Electric Power during the third quarter worth about $1,021,000. EP Wealth Advisors LLC raised its holdings in shares of American Electric Power by 12.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 11,057 shares of the company’s stock worth $1,134,000 after buying an additional 1,231 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Y Intercept Hong Kong Ltd boosted its stake in American Electric Power by 1,153.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,697 shares of the company’s stock valued at $5,612,000 after buying an additional 50,335 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in American Electric Power by 48.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 269,364 shares of the company’s stock valued at $27,637,000 after buying an additional 87,300 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $101.57 on Tuesday. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 2.97 and a beta of 0.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $110.48. The company has a 50-day simple moving average of $103.77 and a 200 day simple moving average of $99.23.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price 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. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.77.

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.