Northwest & Ethical Investments L.P. Has $16.79 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Northwest & Ethical Investments L.P. reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,019 shares of the company’s stock after selling 43,973 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in American Electric Power were worth $16,788,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SouthState Corp lifted its position in shares of American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after buying an additional 102 shares during the last quarter. PSI Advisors LLC lifted its position in shares of American Electric Power by 10.6% during the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of 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 buying an additional 112 shares during the last quarter. Albion Financial Group UT lifted its position in shares of American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock worth $1,119,000 after buying an additional 112 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock worth $103,000 after buying an additional 112 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. 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 research note on Friday, November 22nd. Barclays cut 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 note on Tuesday, November 26th. BMO Capital Markets cut their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America lifted their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus price target of $99.23.

American Electric Power Trading Down 0.1 %

Shares of AEP stock opened at $105.84 on Thursday. The company has a market cap of $56.44 billion, a P/E ratio of 18.90, a PEG ratio of 2.97 and a beta of 0.50. The stock has a 50 day simple moving average of $101.38 and a two-hundred day simple moving average of $99.00. 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 Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the company earned $1.23 earnings per share. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio is 66.43%.

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.