Crossmark Global Holdings Inc. Decreases Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Crossmark Global Holdings Inc. trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,649 shares of the company’s stock after selling 105 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in American Electric Power were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the third quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the third quarter worth $33,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power in the third quarter worth $48,000. Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power in the fourth quarter worth $49,000. Finally, Future Financial Wealth Managment LLC acquired a new position in American Electric Power in the third quarter valued at $50,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $97.47 on Friday. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The business has a 50-day moving average of $94.76 and a 200-day moving average of $97.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The company has a market capitalization of $51.87 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.78 and a beta of 0.56.

American Electric Power Dividend Announcement

The business also recently announced 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 3.82%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Evercore ISI dropped their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Finally, Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power 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.