Y Intercept Hong Kong Ltd Sells 41,501 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Y Intercept Hong Kong Ltd lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 75.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,196 shares of the company’s stock after selling 41,501 shares during the period. Y Intercept Hong Kong Ltd’s holdings in American Electric Power were worth $1,217,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AEP. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the third quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power during the 3rd quarter valued at about $33,000. Kestra Investment Management LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $35,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power during the 4th quarter worth approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in American Electric Power during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several research analyst reports. Barclays reduced their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Wells Fargo & Company reduced their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Price Performance

Shares of AEP opened at $106.89 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company’s fifty day simple moving average is $97.43 and its 200 day simple moving average is $98.26. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $107.84. The company has a market cap of $56.99 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the firm posted $1.23 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is presently 66.43%.

American Electric Power Company 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.