Cwm LLC Sells 221 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Cwm LLC lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,416 shares of the company’s stock after selling 221 shares during the period. Cwm LLC’s holdings in American Electric Power were worth $2,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Caprock Group LLC bought a new position in shares of American Electric Power in the 3rd quarter worth $251,000. Advisory Alpha LLC raised its position in American Electric Power by 50.7% during the third quarter. Advisory Alpha LLC now owns 3,792 shares of the company’s stock valued at $285,000 after purchasing an additional 1,275 shares in the last quarter. Czech National Bank lifted its stake in American Electric Power by 47.8% during the third quarter. Czech National Bank now owns 90,043 shares of the company’s stock worth $6,773,000 after purchasing an additional 29,102 shares during the last quarter. Spirit of America Management Corp NY raised its holdings in shares of American Electric Power by 27.5% during the 3rd quarter. Spirit of America Management Corp NY now owns 10,650 shares of the company’s stock valued at $801,000 after buying an additional 2,300 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of American Electric Power by 26.3% during the 3rd quarter. Ballentine Partners LLC now owns 7,545 shares of the company’s stock valued at $568,000 after buying an additional 1,569 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent research reports. Barclays increased their price target 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. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Finally, UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently 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 $86.86 on Friday. The company has a market cap of $45.74 billion, a PE ratio of 20.44, a P/E/G ratio of 3.02 and a beta of 0.51. The business has a 50 day moving average of $83.45 and a 200 day moving average of $80.33. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.21. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.55 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.05%. American Electric Power’s dividend payout ratio (DPR) is 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.