American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 26.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,607 shares of the company’s stock after selling 1,976 shares during the period. Dynamic Advisor Solutions LLC’s holdings in American Electric Power were worth $517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. Geode Capital Management LLC lifted its position in shares of American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock valued at $1,280,655,000 after buying an additional 352,588 shares in the last quarter. FMR LLC grew its stake in American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in American Electric Power by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock worth $466,191,000 after acquiring an additional 341,846 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AEP shares. UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. BMO Capital Markets lowered 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. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Price Performance

American Electric Power stock opened at $102.63 on Tuesday. 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 company has a 50-day moving average price of $94.87 and a 200 day moving average price of $97.32. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The stock has a market cap of $54.61 billion, a P/E ratio of 20.57, a PEG ratio of 2.77 and a beta of 0.56.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.62%. American Electric Power’s dividend payout ratio is currently 74.55%.

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.