American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Bank OZK

Bank OZK trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,638 shares of the company’s stock after selling 270 shares during the period. Bank OZK’s holdings in American Electric Power were worth $520,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power in the third quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the fourth quarter worth about $35,000. Finally, Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the third quarter worth about $48,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.8 %

Shares of American Electric Power stock opened at $106.05 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $107.84. The company has a market capitalization of $56.55 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.97 and a beta of 0.58. The business has a 50 day moving average price of $97.98 and a 200 day moving average price of $98.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the company posted $1.23 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AEP shares. Wells Fargo & Company lowered their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the stock from $98.00 to $104.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus price target of $98.46.

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.