American Electric Power Company, Inc. (NASDAQ:AEP) Position Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 28.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,434 shares of the company’s stock after acquiring an additional 11,065 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $4,096,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in shares of American Electric Power in the 1st quarter worth about $40,000. Westwood Holdings Group Inc. bought a new position in shares of American Electric Power in the 1st quarter worth about $211,000. Cibc World Market Inc. lifted its position in shares of American Electric Power by 13.1% in the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock worth $3,074,000 after buying an additional 3,558 shares during the last quarter. Sei Investments Co. lifted its position in shares of American Electric Power by 17.7% in the 1st quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock worth $20,569,000 after buying an additional 30,836 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of American Electric Power by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock worth $3,643,000 after buying an additional 577 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEP shares. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Barclays reaffirmed an “equal weight” rating and issued a $83.00 price objective (down previously from $84.00) on shares of American Electric Power in a report on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Thursday, January 11th. Finally, LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.08.

American Electric Power Stock Down 0.5 %

American Electric Power stock opened at $82.91 on Friday. The stock has a market cap of $43.66 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.98 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The company’s 50-day moving average price is $82.35 and its two-hundred day moving average price is $79.70. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.86.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.25%. American Electric Power’s dividend payout ratio is currently 82.82%.

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.