American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,444 shares of the company’s stock after selling 2,263 shares during the period. Strategic Blueprint LLC’s holdings in American Electric Power were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AEP. AQR Capital Management LLC raised its position in American Electric Power by 37.1% during the second quarter. AQR Capital Management LLC now owns 189,119 shares of the company’s stock worth $16,593,000 after acquiring an additional 51,217 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in American Electric Power by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,402 shares of the company’s stock worth $4,773,000 after acquiring an additional 714 shares during the period. NewEdge Advisors LLC raised its position in American Electric Power by 5.4% during the second quarter. NewEdge Advisors LLC now owns 25,561 shares of the company’s stock worth $2,243,000 after acquiring an additional 1,317 shares during the period. B. Riley Wealth Advisors Inc. raised its position in American Electric Power by 32.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 34,375 shares of the company’s stock worth $3,016,000 after acquiring an additional 8,439 shares during the period. Finally, EP Wealth Advisors LLC raised its position in American Electric Power by 10.9% during the second quarter. EP Wealth Advisors LLC now owns 9,826 shares of the company’s stock worth $862,000 after acquiring an additional 969 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Down 2.0 %

Shares of AEP stock opened at $98.05 on Thursday. 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 firm has a market cap of $52.17 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. The company has a 50-day moving average of $95.06 and a two-hundred day moving average of $97.47. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AEP shares. BMO Capital Markets reduced their price objective on shares of 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. Morgan Stanley reduced their target price on shares of 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. UBS Group increased their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.