American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,293 shares of the company’s stock after selling 1,120 shares during the quarter. Highland Capital Management LLC’s holdings in American Electric Power were worth $5,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Allen Capital Group LLC increased its position in American Electric Power by 231.8% in the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company’s stock valued at $2,823,000 after acquiring an additional 21,388 shares during the period. Forsta AP Fonden increased its holdings in shares of American Electric Power by 5.3% in the fourth quarter. Forsta AP Fonden now owns 114,200 shares of the company’s stock valued at $10,533,000 after purchasing an additional 5,700 shares during the period. R Squared Ltd purchased a new stake in shares of American Electric Power during the fourth quarter worth approximately $115,000. SteelPeak Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $2,405,000. Finally, Perigon Wealth Management LLC grew its position in American Electric Power by 1.1% in the 4th quarter. Perigon Wealth Management LLC now owns 13,241 shares of the company’s stock valued at $1,282,000 after buying an additional 138 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 2.0 %

Shares of NASDAQ AEP opened at $98.05 on Thursday. The stock has a fifty day moving average price of $95.09 and a 200 day moving average price of $97.47. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. 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 $52.17 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.56.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 3.79%. American Electric Power’s payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AEP. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Barclays cut their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Evercore ISI lowered their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $98.00.

Read Our Latest Stock Report on American Electric Power

American Electric Power Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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