American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,031,423 shares of the company's stock after selling 77,602 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.20% of American Electric Power worth $83,772,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AEP. Penserra Capital Management LLC acquired a new position in American Electric Power during the 1st quarter worth $27,000. True Wealth Design LLC acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $28,000. Fairfield Bush & CO. acquired a new position in shares of American Electric Power in the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC acquired a new position in shares of American Electric Power in the 1st quarter worth approximately $28,000. Finally, FSC Wealth Advisors LLC grew its stake in shares of American Electric Power by 222.0% in the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company's stock worth $26,000 after purchasing an additional 242 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 0.4 %

AEP traded down $0.37 on Thursday, reaching $83.96. 1,990,634 shares of the company traded hands, compared to its average volume of 3,949,148. The stock's 50 day moving average price is $81.69 and its 200-day moving average price is $79.53. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $96.05. The company has a market cap of $44.21 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.01 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.12 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business's revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, February 8th. American Electric Power's dividend payout ratio (DPR) is presently 82.82%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEP. StockNews.com cut shares of American Electric Power from a "hold" rating to a "sell" rating in a research note on Friday, March 15th. Guggenheim cut shares of American Electric Power from a "buy" rating to a "neutral" rating and set a $81.00 price objective on the stock. in a research note on Monday, January 22nd. LADENBURG THALM/SH SH cut shares of American Electric Power from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. UBS Group cut shares of American Electric Power from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, Cfra reissued a "buy" rating and issued a $92.00 target price (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $87.08.

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.

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