Yousif Capital Management LLC Has $7.15 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Yousif Capital Management LLC lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 88,047 shares of the company’s stock after selling 2,894 shares during the quarter. Yousif Capital Management LLC’s holdings in American Electric Power were worth $7,151,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after acquiring an additional 3,589,451 shares in the last quarter. Morgan Stanley boosted its holdings in shares of American Electric Power by 4.1% during the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after acquiring an additional 587,145 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after acquiring an additional 1,181,706 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of American Electric Power by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock valued at $580,308,000 after acquiring an additional 374,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in American Electric Power by 2.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,428,035 shares of the company’s stock worth $333,077,000 after purchasing an additional 98,897 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $86.24 on Thursday. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $94.21. The stock’s 50 day moving average price is $83.34 and its 200-day moving average price is $80.29. The company has a market capitalization of $45.41 billion, a PE ratio of 20.32, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. American Electric Power’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.55 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.08%. American Electric Power’s payout ratio is presently 82.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on AEP shares. Scotiabank lowered their target price on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating for the company in a research report on Monday. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Thursday, January 11th. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. BMO Capital Markets lifted their price objective 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. Finally, Cfra reissued a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.08.

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.