American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 676,450 shares of the company’s stock after selling 50,150 shares during the period. American Electric Power comprises approximately 7.6% of Maple Brown Abbott Ltd’s holdings, making the stock its 7th biggest holding. Maple Brown Abbott Ltd’s holdings in American Electric Power were worth $62,409,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the third quarter worth $33,000. Reston Wealth Management LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. acquired a new position in American Electric Power in the fourth quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power in the third quarter worth about $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.7 %

NASDAQ AEP opened at $98.18 on Monday. 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 current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The business has a fifty day simple moving average of $94.87 and a 200 day simple moving average of $97.26. The firm has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56.

American Electric Power Dividend Announcement

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 paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. American Electric Power’s payout ratio is 74.55%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEP. BMO Capital Markets cut their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Barclays lowered their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Evercore ISI cut 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.00.

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.