Northwest & Ethical Investments L.P. Has $16.79 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Northwest & Ethical Investments L.P. decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,019 shares of the company’s stock after selling 43,973 shares during the period. Northwest & Ethical Investments L.P.’s holdings in American Electric Power were worth $16,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SouthState Corp lifted its stake in American Electric Power by 1.6% in the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock valued at $610,000 after acquiring an additional 102 shares in the last quarter. PSI Advisors LLC lifted its stake in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock valued at $103,000 after acquiring an additional 107 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after acquiring an additional 112 shares in the last quarter. Albion Financial Group UT lifted its stake in American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in American Electric Power by 11.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1 %

AEP stock 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 business’s 50 day simple moving average is $101.38 and its 200 day simple moving average is $99.00. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. The firm has a market capitalization of $56.44 billion, a PE ratio of 18.90, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates 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 business posted $1.23 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on AEP shares. Barclays cut their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $99.23.

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.