Bokf Na Sells 10,221 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

BOKF NA lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 8.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 108,478 shares of the company's stock after selling 10,221 shares during the period. BOKF NA's holdings in American Electric Power were worth $10,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in American Electric Power during the 4th quarter valued at $35,000. Kestra Investment Management LLC bought a new stake in American Electric Power during the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new stake in American Electric Power during the fourth quarter valued at about $38,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Citigroup increased their price objective 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. Bank of America raised their target price 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. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Guggenheim upped their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets boosted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $105.77.

American Electric Power Stock Down 2.7%

NASDAQ:AEP traded down $2.86 during midday trading on Monday, hitting $101.82. 1,027,926 shares of the company were exchanged, compared to its average volume of 3,153,514. 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 market capitalization of $54.39 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a fifty day simple moving average of $105.65 and a 200 day simple moving average of $100.26.

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

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power's payout ratio is 71.68%.

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.