Boston Partners Decreases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Boston Partners trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,249,494 shares of the company’s stock after selling 246,672 shares during the period. Boston Partners owned about 0.23% of American Electric Power worth $115,256,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $32,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Morgan Stanley dropped their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Bank of America upped their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.23.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $105.99 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The business’s fifty day moving average price is $101.11 and its two-hundred day moving average price is $98.95. The firm has a market capitalization of $56.52 billion, a PE ratio of 18.93, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period last year, the firm earned $1.23 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. American Electric Power’s payout ratio is 66.43%.

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.