Hudson Edge Investment Partners Inc. Trims Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,398 shares of the company’s stock after selling 3,385 shares during the period. American Electric Power makes up about 1.2% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 19th biggest position. Hudson Edge Investment Partners Inc.’s holdings in American Electric Power were worth $6,089,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEP. Frazier Financial Advisors LLC acquired a new position in American Electric Power during the fourth quarter valued at $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new stake in American Electric Power during the first quarter worth about $29,000. Finally, LRI Investments LLC raised its position in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded down $1.05 during trading on Friday, reaching $102.05. The stock had a trading volume of 3,659,214 shares, compared to its average volume of 3,243,136. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $104.41. The stock has a market cap of $53.79 billion, a PE ratio of 18.93, a PEG ratio of 2.87 and a beta of 0.54. The business has a fifty day moving average price of $95.80 and a 200-day moving average price of $89.61.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Guggenheim upped their price objective on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. Morgan Stanley lifted their price objective on shares of American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Scotiabank increased their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average price target of $94.77.

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.