American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,379 shares of the company's stock after selling 2,509 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in American Electric Power were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $38,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Guggenheim raised their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Citigroup raised their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Bank of America raised their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $105.77.

American Electric Power Trading Up 3.1%

Shares of NASDAQ:AEP opened at $101.61 on Friday. The company has a market cap of $54.28 billion, a PE ratio of 18.14, a P/E/G ratio of 2.97 and a beta of 0.45. The company's 50-day moving average price is $105.31 and its 200 day moving average price is $100.28. American Electric Power Company, Inc. has a fifty-two week low of $85.93 and a fifty-two week high of $110.48. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. American Electric Power's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.66%. American Electric Power's dividend payout ratio (DPR) is 71.68%.

American Electric Power 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.

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