CX Institutional Decreases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

CX Institutional lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,561 shares of the company’s stock after selling 256 shares during the quarter. CX Institutional’s holdings in American Electric Power were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Impact Partnership Wealth LLC bought a new position in American Electric Power in the 4th quarter worth about $791,000. Southland Equity Partners LLC boosted its stake in American Electric Power by 5.7% in the 4th quarter. Southland Equity Partners LLC now owns 3,919 shares of the company’s stock worth $361,000 after purchasing an additional 210 shares during the period. LexAurum Advisors LLC boosted its position in shares of American Electric Power by 11.8% during the 4th quarter. LexAurum Advisors LLC now owns 5,236 shares of the company’s stock valued at $483,000 after acquiring an additional 551 shares during the last quarter. RFG Advisory LLC boosted its position in shares of American Electric Power by 61.6% during the 4th quarter. RFG Advisory LLC now owns 3,919 shares of the company’s stock valued at $361,000 after acquiring an additional 1,494 shares during the last quarter. Finally, MFA Wealth Services bought a new stake in shares of American Electric Power during the 4th quarter valued at about $210,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $98.18 on Monday. 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 business’s 50 day simple moving average is $94.87 and its two-hundred day simple moving average is $97.26. The stock has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEP. Morgan Stanley dropped their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, Evercore ISI dropped their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.00.

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.