UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 40,758 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,963,959 shares of the company’s stock after selling 40,758 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of American Electric Power worth $181,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC raised its holdings in shares of American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company’s stock worth $223,000 after buying an additional 100 shares during the last quarter. SouthState Corp increased its holdings in American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock valued at $610,000 after buying an additional 102 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock valued at $418,000 after buying an additional 103 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after purchasing an additional 112 shares during the period. Finally, Westside Investment Management Inc. grew its position in shares of American Electric Power by 8.7% in the fourth quarter. Westside Investment Management Inc. now owns 1,422 shares of the company’s stock valued at $131,000 after purchasing an additional 114 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the sale, the executive vice president now owns 9,658 shares of the company’s stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEP. Citigroup boosted their target price on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Barclays boosted their target price on shares of American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Guggenheim boosted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Bank of America upped their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley lowered their price target on shares of American Electric Power from $114.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned 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 $105.69.

American Electric Power Trading Down 1.1%

American Electric Power stock opened at $101.80 on Friday. The company has a 50 day moving average price of $105.15 and a 200 day moving average price of $100.46. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. American Electric Power’s payout ratio is 71.68%.

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.