American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Lowered by Signaturefd LLC

Signaturefd LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,828 shares of the company’s stock after selling 336 shares during the quarter. Signaturefd LLC’s holdings in American Electric Power were worth $636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FSC Wealth Advisors LLC raised its holdings in shares of American Electric Power by 222.0% in the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after purchasing an additional 242 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of American Electric Power in the fourth quarter worth approximately $32,000. GoalVest Advisory LLC increased its position in shares of American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after acquiring an additional 320 shares in the last quarter. JNBA Financial Advisors increased its position in shares of American Electric Power by 91.6% in the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of American Electric Power in the third quarter worth approximately $36,000. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AEP has been the topic of several analyst reports. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Barclays boosted their price objective on shares of American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Cfra reaffirmed a “buy” rating and set a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Scotiabank lowered their price objective on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research report on Monday. Finally, LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $75.50 to $73.00 in a research report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.08.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $85.56 on Wednesday. The firm has a fifty day simple moving average of $83.19 and a 200-day simple moving average of $80.25. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.98 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. American Electric Power’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.11%. American Electric Power’s payout ratio is currently 82.82%.

About American Electric Power

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.