American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,850 shares of the company’s stock after selling 1,051 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in American Electric Power were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AEP. Wellington Management Group LLP increased its position in shares of American Electric Power by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares during the last quarter. Morgan Stanley raised its stake in American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after buying an additional 587,145 shares in the last quarter. Invesco Ltd. lifted its holdings in American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after buying an additional 1,181,706 shares during the last quarter. Royal Bank of Canada boosted its position in shares of American Electric Power by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after acquiring an additional 374,300 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of American Electric Power by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock valued at $423,826,000 after acquiring an additional 75,124 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ:AEP opened at $80.91 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $42.61 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.51. The firm’s fifty day moving average price is $82.50 and its 200 day moving average price is $79.81. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (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 firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.35%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent analyst reports. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the company from $86.00 to $83.00 in a research note on Monday, March 11th. BMO Capital Markets boosted their price target on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Cfra reissued a “buy” rating and issued a $92.00 target price (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, January 11th. Finally, Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $87.15.

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.