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

Dean Investment Associates LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of American Electric Power in the fourth quarter worth $176,000. Garden State Investment Advisory Services LLC acquired a new position in American Electric Power in the 4th quarter valued at about $948,000. NewEdge Advisors LLC boosted its stake in shares of American Electric Power by 9.9% during the 4th quarter. NewEdge Advisors LLC now owns 28,628 shares of the company’s stock worth $2,640,000 after purchasing an additional 2,588 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of American Electric Power by 10.9% in the fourth quarter. Evergreen Capital Management LLC now owns 8,479 shares of the company’s stock valued at $782,000 after buying an additional 835 shares during the last quarter. Finally, Finward Bancorp purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $475,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEP has been the subject of several recent analyst reports. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. 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 research report on Tuesday, March 18th. Morgan Stanley increased their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets lifted their price target on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, March 26th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.77.

American Electric Power Stock Down 0.7 %

AEP opened at $105.92 on Thursday. American Electric Power Company, Inc. has a 1 year low of $79.85 and a 1 year high of $110.48. The firm has a 50 day moving average price of $104.63 and a 200 day moving average price of $99.42. 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 company has a market cap of $56.53 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the business posted $1.23 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

About American Electric Power

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.