tru Independence LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 619 shares of the company’s stock, valued at approximately $52,000.

Several other large investors also recently added to or reduced their stakes in AEP. ZWJ Investment Counsel Inc. lifted its stake in American Electric Power by 6.8% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 237,385 shares of the company’s stock worth $19,767,000 after acquiring an additional 15,216 shares during the period. Fiduciary Trust Co. lifted its stake in American Electric Power by 3.6% in the fourth quarter. Fiduciary Trust Co. now owns 88,539 shares of the company’s stock worth $7,372,000 after acquiring an additional 3,066 shares during the period. Solitude Financial Services purchased a new stake in American Electric Power in the fourth quarter worth $930,000. Ardevora Asset Management LLP lifted its stake in American Electric Power by 7.5% in the fourth quarter. Ardevora Asset Management LLP now owns 550,887 shares of the company’s stock worth $45,872,000 after acquiring an additional 38,546 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in American Electric Power by 277.1% in the third quarter. Cubist Systematic Strategies LLC now owns 18,590 shares of the company’s stock worth $1,519,000 after acquiring an additional 13,660 shares during the period. 75.01% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP David Matthew Feinberg sold 11,951 shares of American Electric Power stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $75.42, for a total value of $901,344.42. Following the completion of the sale, the executive vice president now directly owns 13,325 shares in the company, valued at approximately $1,004,971.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas K. Akins sold 66,483 shares of American Electric Power stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $76.24, for a total value of $5,068,663.92. Following the completion of the sale, the chief executive officer now owns 187,288 shares of the company’s stock, valued at $14,278,837.12. The disclosure for this sale can be found here. Insiders sold a total of 118,935 shares of company stock valued at $9,204,606 over the last quarter. 0.16% of the stock is owned by corporate insiders.

A number of brokerages recently commented on AEP. Mizuho began coverage on American Electric Power in a research note on Monday, December 14th. They issued a “buy” rating and a $84.00 price target for the company. Morgan Stanley increased their price objective on American Electric Power from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 25th. The Goldman Sachs Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $90.00 to $83.00 in a report on Thursday, January 14th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, January 20th. Finally, Wells Fargo & Company downgraded American Electric Power from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $101.00 to $88.00 in a report on Wednesday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.33.

Shares of NASDAQ:AEP opened at $86.69 on Thursday. American Electric Power Company, Inc. has a 1-year low of $74.80 and a 1-year high of $94.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.48 and a quick ratio of 0.34. The business has a fifty day moving average price of $81.22 and a 200-day moving average price of $82.43. The company has a market capitalization of $43.06 billion, a PE ratio of 22.40, a PEG ratio of 3.00 and a beta of 0.22.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, February 24th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.79 by $0.08. American Electric Power had a return on equity of 10.19% and a net margin of 12.82%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the company earned $0.60 EPS. American Electric Power’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 4.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were issued a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, February 9th. This represents a $2.96 annualized dividend and a yield of 3.41%. American Electric Power’s payout ratio is 69.81%.

American Electric Power Profile

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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