Fox Run Management L.L.C. Decreases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Fox Run Management L.L.C. trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 33.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,542 shares of the company’s stock after selling 2,320 shares during the period. Fox Run Management L.L.C.’s holdings in American Electric Power were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of American Electric Power by 38.8% in the fourth quarter. Sei Investments Co. now owns 559,967 shares of the company’s stock valued at $51,646,000 after buying an additional 156,563 shares during the last quarter. Mizuho Securities USA LLC grew its stake in American Electric Power by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 50,475 shares of the company’s stock valued at $4,655,000 after acquiring an additional 15,970 shares in the last quarter. Quantbot Technologies LP acquired a new stake in American Electric Power in the 4th quarter valued at about $1,085,000. Sciencast Management LP purchased a new position in American Electric Power in the 4th quarter worth approximately $1,335,000. Finally, Summit Global Investments boosted its holdings in shares of American Electric Power by 180.7% during the 4th quarter. Summit Global Investments now owns 39,111 shares of the company’s stock worth $3,607,000 after purchasing an additional 25,178 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 1.6 %

NASDAQ AEP opened at $102.50 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The firm has a market cap of $54.70 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.97 and a beta of 0.50. The firm has a 50 day simple moving average of $102.24 and a 200-day simple moving average of $99.05. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate 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 firm posted $1.23 earnings per share. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.63%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays reduced 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. Bank of America lifted their price target on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.92.

American Electric Power Company 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.