Natixis Advisors LLC Sells 16,352 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Natixis Advisors LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 404,600 shares of the company’s stock after selling 16,352 shares during the quarter. Natixis Advisors LLC owned about 0.08% of American Electric Power worth $37,316,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AEP. Legacy Investment Solutions LLC bought a new stake in American Electric Power during the 3rd quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power during the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new stake in American Electric Power during the 4th quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the 3rd quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in American Electric Power during the 4th quarter worth about $35,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEP shares. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.46.

American Electric Power Trading Up 1.3 %

NASDAQ:AEP opened at $105.56 on Monday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $100.49 and a two-hundred day moving average price of $98.87. The company has a market cap of $56.29 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates 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. As a group, analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

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.