Massmutual Trust Co. FSB ADV Cuts Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Massmutual Trust Co. FSB ADV lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 31.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365 shares of the company’s stock after selling 170 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in American Electric Power were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AEP. Vanguard Group Inc. increased its stake in shares of American Electric Power by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 45,377,335 shares of the company’s stock valued at $4,527,297,000 after purchasing an additional 2,305,001 shares in the last quarter. State Street Corp increased its stake in shares of American Electric Power by 8.8% in the 1st quarter. State Street Corp now owns 27,777,603 shares of the company’s stock valued at $2,771,371,000 after purchasing an additional 2,256,671 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Electric Power by 4.8% in the 4th quarter. BlackRock Inc. now owns 41,461,321 shares of the company’s stock valued at $3,688,814,000 after purchasing an additional 1,910,807 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of American Electric Power in the 1st quarter valued at about $100,500,000. Finally, Marshall Wace LLP boosted its holdings in American Electric Power by 1,477.3% in the 4th quarter. Marshall Wace LLP now owns 1,066,861 shares of the company’s stock worth $94,919,000 after buying an additional 999,221 shares during the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on American Electric Power from $111.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. Citigroup lifted their price objective on American Electric Power from $94.00 to $99.00 in a report on Thursday, July 28th. Evercore ISI lifted their price objective on American Electric Power to $107.00 in a report on Monday, August 15th. Finally, Credit Suisse Group lifted their price objective on American Electric Power from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

American Electric Power Trading Up 0.7 %

Shares of American Electric Power stock opened at $101.11 on Tuesday. The stock has a market cap of $51.94 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.25 and a beta of 0.34. The stock’s 50 day simple moving average is $100.12 and its 200-day simple moving average is $98.90. American Electric Power Company, Inc. has a 1-year low of $80.22 and a 1-year high of $105.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.66.

American Electric Power (NASDAQ:AEPGet Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $3.98 billion. American Electric Power had a return on equity of 10.46% and a net margin of 14.39%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. Analysts predict that American Electric Power Company, Inc. will post 4.99 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Tuesday, August 9th. American Electric Power’s dividend payout ratio is presently 61.30%.

American Electric Power Company Profile

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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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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