Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000,384 shares of the company’s stock after selling 3,949 shares during the period. American Electric Power comprises approximately 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s portfolio, making the stock its 28th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.19% of American Electric Power worth $92,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in American Electric Power during the 3rd quarter valued at $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power during the fourth quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the third quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in American Electric Power during the 4th quarter valued at about $35,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent analyst reports. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. BMO Capital Markets dropped their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Barclays cut their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.23.

American Electric Power Stock Down 0.1 %

Shares of NASDAQ:AEP opened at $105.84 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a fifty day simple moving average of $101.38 and a two-hundred day simple moving average of $99.00. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.52. The stock has a market capitalization of $56.44 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the business posted $1.23 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

American Electric Power Profile

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.