American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Decreased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,140 shares of the company’s stock after selling 1,219 shares during the quarter. Koshinski Asset Management Inc.’s holdings in American Electric Power were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares in the last quarter. Morgan Stanley lifted its position in shares of American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after buying an additional 587,145 shares during the last quarter. Invesco Ltd. lifted its position in shares of American Electric Power by 13.7% in the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after buying an additional 1,181,706 shares during the last quarter. Royal Bank of Canada lifted its position in shares of American Electric Power by 5.1% in the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after buying an additional 374,300 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of American Electric Power by 1.5% in the second quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock worth $423,826,000 after buying an additional 75,124 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cfra reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. BMO Capital Markets boosted their price target on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Barclays reissued an “equal weight” rating and set a $83.00 price objective (down previously from $84.00) on shares of American Electric Power in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average price target of $87.08.

American Electric Power Trading Down 1.0 %

American Electric Power stock opened at $82.10 on Friday. The business has a 50 day moving average price of $82.42 and a two-hundred day moving average price of $79.74. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The stock has a market cap of $43.23 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.93 and a beta of 0.51. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.29%. American Electric Power’s dividend payout ratio is currently 82.82%.

About American Electric Power

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.