Kentucky Retirement Systems Sells 503 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Kentucky Retirement Systems trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,567 shares of the company’s stock after selling 503 shares during the period. Kentucky Retirement Systems’ holdings in American Electric Power were worth $3,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XML Financial LLC boosted its stake in American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after acquiring an additional 106 shares during the last quarter. PSI Advisors LLC increased its holdings in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after acquiring an additional 107 shares in the last quarter. Garrison Asset Management LLC lifted its holdings in shares of American Electric Power by 0.6% during the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after purchasing an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY grew its position in shares of American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after purchasing an additional 110 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after purchasing an additional 112 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEP shares. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI dropped their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $104.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.9 %

Shares of AEP stock opened at $105.33 on Friday. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $105.73. The stock has a market cap of $56.16 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.91 and a beta of 0.58. The firm’s 50-day moving average is $96.51 and its 200-day moving average is $98.09. 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 (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting 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 last year, the business earned $1.23 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.53%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

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.