Janus Henderson Group PLC Cuts Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Janus Henderson Group PLC lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 33.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,513,856 shares of the company’s stock after selling 1,239,394 shares during the quarter. Janus Henderson Group PLC’s holdings in American Electric Power were worth $231,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power during the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new stake in American Electric Power in the fourth quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in American Electric Power in the fourth quarter valued at $35,000. Finally, Lee Danner & Bass Inc. acquired a new stake in American Electric Power in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company upped their target price on American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Bank of America upped their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Morgan Stanley set a $114.00 target price on American Electric Power and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Citigroup upped their target price on American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Finally, Barclays increased their price objective on American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $105.77.

American Electric Power Stock Down 0.5%

Shares of NASDAQ:AEP opened at $104.68 on Monday. The stock’s 50-day moving average price is $105.65 and its two-hundred day moving average price is $100.26. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The firm has a market cap of $55.92 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.97 and a beta of 0.45.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 71.68%.

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.