Waters Parkerson & CO. LLC Has $557,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Waters Parkerson & CO. LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,440 shares of the company’s stock after selling 400 shares during the period. Waters Parkerson & CO. LLC’s holdings in American Electric Power were worth $557,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pettyjohn Wood & White Inc. grew its holdings in shares of American Electric Power by 1.8% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 5,788 shares of the company’s stock valued at $555,000 after acquiring an additional 101 shares in the last quarter. Neo Ivy Capital Management lifted its stake in American Electric Power by 12.7% in the 2nd quarter. Neo Ivy Capital Management now owns 899 shares of the company’s stock valued at $86,000 after purchasing an additional 101 shares during the last quarter. Platform Technology Partners lifted its stake in American Electric Power by 2.6% in the 2nd quarter. Platform Technology Partners now owns 4,250 shares of the company’s stock valued at $408,000 after purchasing an additional 106 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in American Electric Power by 5.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,218 shares of the company’s stock valued at $219,000 after purchasing an additional 107 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in American Electric Power by 0.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,079 shares of the company’s stock valued at $1,351,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AEP shares. Bank of America downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $101.00 to $98.00 in a research report on Monday, December 19th. Cfra dropped their price target on shares of American Electric Power from $105.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, October 27th. StockNews.com initiated coverage on shares of American Electric Power in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Mizuho dropped their price target on shares of American Electric Power from $104.00 to $101.00 and set a “buy” rating for the company in a research report on Friday, December 16th. Finally, Guggenheim decreased their price objective on shares of American Electric Power from $109.00 to $93.00 in a research note on Monday, October 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and an average price target of $101.82.

American Electric Power Price Performance

Shares of NASDAQ AEP traded down $0.60 during midday trading on Wednesday, reaching $92.10. 253,211 shares of the company were exchanged, compared to its average volume of 2,647,194. The stock has a market cap of $47.33 billion, a P/E ratio of 19.19, a PEG ratio of 2.83 and a beta of 0.42. The stock’s 50-day moving average price is $95.02 and its 200-day moving average price is $94.13. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a one year low of $80.30 and a one year high of $105.60.

American Electric Power (NASDAQ:AEPGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $4.75 billion. American Electric Power had a net margin of 13.08% and a return on equity of 10.73%. American Electric Power’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.02 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 10th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.60%. American Electric Power’s dividend payout ratio (DPR) is presently 68.74%.

American Electric Power Profile

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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