American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Trimmed by Procyon Advisors LLC

Procyon Advisors LLC lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 9,908 shares of the company’s stock after selling 558 shares during the period. Procyon Advisors LLC’s holdings in American Electric Power were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in AEP. Wellington Management Group LLP increased its position in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares during the period. Lazard Asset Management LLC grew its holdings in shares of American Electric Power by 2,331.2% in the 2nd quarter. Lazard Asset Management LLC now owns 3,650,830 shares of the company’s stock worth $307,398,000 after acquiring an additional 3,500,662 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of American Electric Power by 99,268.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,804,171 shares of the company’s stock valued at $266,256,000 after buying an additional 2,801,349 shares in the last quarter. Morgan Stanley grew its holdings in shares of American Electric Power by 23.7% during the fourth quarter. Morgan Stanley now owns 13,357,327 shares of the company’s stock valued at $1,268,278,000 after buying an additional 2,560,192 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of American Electric Power by 41.7% during the second quarter. Royal Bank of Canada now owns 7,340,523 shares of the company’s stock valued at $618,073,000 after buying an additional 2,161,083 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. BMO Capital Markets boosted their price objective on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Monday, January 22nd. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.08.

American Electric Power Trading Up 0.6 %

Shares of AEP stock traded up $0.55 during trading hours on Thursday, reaching $85.35. The company had a trading volume of 288,980 shares, compared to its average volume of 4,023,042. The company has a 50 day moving average of $80.93 and a 200 day moving average of $79.31. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $44.94 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.91 and a beta of 0.51. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $96.05.

American Electric Power (NASDAQ:AEP) last released 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 firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the company earned $1.05 EPS. American Electric Power’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s payout ratio is 82.82%.

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.