Rhumbline Advisers Has $80.49 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Rhumbline Advisers cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 872,719 shares of the company’s stock after selling 10,199 shares during the period. Rhumbline Advisers owned 0.16% of American Electric Power worth $80,491,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. DAVENPORT & Co LLC lifted its position in American Electric Power by 6.1% in the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after acquiring an additional 3,288 shares in the last quarter. Secure Asset Management LLC lifted its position in American Electric Power by 22.4% in the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after acquiring an additional 4,370 shares in the last quarter. Grove Bank & Trust lifted its position in American Electric Power by 436.9% in the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after acquiring an additional 5,771 shares in the last quarter. J2 Capital Management Inc bought a new position in American Electric Power in the 4th quarter valued at about $419,000. Finally, Principal Financial Group Inc. lifted its position in American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after acquiring an additional 19,081 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AEP shares. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.8 %

American Electric Power stock opened at $101.83 on Monday. American Electric Power Company, Inc. has a 1-year low of $79.01 and a 1-year high of $105.18. The firm has a market capitalization of $54.19 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.84 and a beta of 0.58. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a 50 day simple moving average of $95.57 and a 200 day simple moving average of $97.95.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results 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 net margin of 13.48% and a return on equity of 11.41%. During the same quarter last year, the company posted $1.23 earnings per share. On average, analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. American Electric Power’s dividend payout ratio (DPR) is currently 66.43%.

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.