Oppenheimer Asset Management Inc. Has $6.33 Million Holdings in American Electric Power Company, Inc. $AEP

Oppenheimer Asset Management Inc. decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,273 shares of the company’s stock after selling 9,824 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American Electric Power were worth $6,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEP. Vanguard Group Inc. increased its holdings in shares of American Electric Power by 0.4% during the second quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after acquiring an additional 197,998 shares in the last quarter. State Street Corp lifted its position in shares of American Electric Power by 2.3% during the second quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after purchasing an additional 653,712 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Electric Power by 2.2% during the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock worth $1,379,532,000 after purchasing an additional 285,000 shares during the last quarter. Invesco Ltd. boosted its stake in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after buying an additional 432,441 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in American Electric Power by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock valued at $509,709,000 after purchasing an additional 272,214 shares during the period. 75.24% of the stock is owned by institutional investors.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is currently owned by insiders.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $121.23 on Wednesday. The stock’s 50-day simple moving average is $117.08 and its two-hundred day simple moving average is $115.68. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $124.80. The firm has a market capitalization of $64.75 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.89 and a beta of 0.62. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s dividend payout ratio is 55.39%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AEP shares. BMO Capital Markets lifted their price target on shares of American Electric Power from $123.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Williams Trading set a $137.00 price objective on American Electric Power in a research note on Thursday, December 18th. Raymond James Financial restated an “outperform” rating on shares of American Electric Power in a research note on Thursday, October 30th. Citigroup lifted their target price on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Electric Power has an average rating of “Moderate Buy” and a consensus price target of $127.39.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.