BOK Financial Private Wealth Inc. Has $192,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

BOK Financial Private Wealth Inc. reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 85.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,369 shares of the company's stock after selling 13,642 shares during the period. BOK Financial Private Wealth Inc.'s holdings in American Electric Power were worth $192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC boosted its position in shares of American Electric Power by 2.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company's stock worth $592,000 after purchasing an additional 117 shares during the period. Thrivent Financial for Lutherans increased its position in shares of American Electric Power by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company's stock valued at $2,445,000 after purchasing an additional 119 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company's stock worth $277,000 after buying an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in American Electric Power by 4.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company's stock valued at $237,000 after purchasing an additional 132 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in American Electric Power by 2.8% during the 4th quarter. Financial Advocates Investment Management now owns 4,939 shares of the company's stock worth $469,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Down 1.4 %

NASDAQ AEP traded down $1.19 during trading hours on Monday, hitting $80.91. The company's stock had a trading volume of 3,135,145 shares, compared to its average volume of 3,804,121. The stock has a fifty day moving average of $82.42 and a 200 day moving average of $79.77. The firm has a market capitalization of $42.61 billion, a P/E ratio of 19.32, a PEG ratio of 2.90 and a beta of 0.51. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $94.73. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the previous year, the company posted $1.05 earnings per share. American Electric Power's revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.35%. American Electric Power's dividend payout ratio (DPR) is currently 82.82%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Cfra restated a "buy" rating and set a $92.00 target price (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. StockNews.com cut American Electric Power from a "hold" rating to a "sell" rating in a report on Friday, March 15th. Guggenheim downgraded shares of American Electric Power from a "buy" rating to a "neutral" rating and set a $81.00 target price for the company. in a research note on Monday, January 22nd. UBS Group lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and reduced their target price for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, LADENBURG THALM/SH SH lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $87.15.

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.