American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,730 shares of the company’s stock after selling 668 shares during the period. American Electric Power accounts for approximately 1.1% of Cypress Capital Management LLC WY’s portfolio, making the stock its 28th biggest holding. Cypress Capital Management LLC WY’s holdings in American Electric Power were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crews Bank & Trust purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $75,000. OLD National Bancorp IN increased its position in American Electric Power by 3.0% in the 4th quarter. OLD National Bancorp IN now owns 128,654 shares of the company’s stock valued at $11,866,000 after acquiring an additional 3,791 shares during the period. Allen Capital Group LLC raised its stake in American Electric Power by 231.8% during the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company’s stock valued at $2,823,000 after acquiring an additional 21,388 shares during the last quarter. Forsta AP Fonden lifted its position in American Electric Power by 5.3% during the 4th quarter. Forsta AP Fonden now owns 114,200 shares of the company’s stock worth $10,533,000 after acquiring an additional 5,700 shares during the period. Finally, R Squared Ltd purchased a new position in shares of American Electric Power in the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $98.03 on Friday. The business has a 50 day moving average price of $95.09 and a 200 day moving average price of $97.47. The company has a market capitalization of $52.16 billion, a P/E ratio of 19.65, a PEG ratio of 2.77 and a beta of 0.56. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analyst Weigh In

AEP has been the subject of several analyst reports. Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. 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. UBS Group boosted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

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.