Wealth Alliance Sells 203 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Wealth Alliance trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,384 shares of the company’s stock after selling 203 shares during the quarter. Wealth Alliance’s holdings in American Electric Power were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Imprint Wealth LLC raised its stake in shares of American Electric Power by 4.7% during the 4th quarter. Imprint Wealth LLC now owns 8,800 shares of the company’s stock valued at $713,000 after purchasing an additional 395 shares during the period. SVB Wealth LLC increased its stake in American Electric Power by 20.0% in the 4th quarter. SVB Wealth LLC now owns 8,891 shares of the company’s stock worth $722,000 after acquiring an additional 1,481 shares during the last quarter. Grant GrossMendelsohn LLC bought a new position in American Electric Power in the 4th quarter worth about $208,000. Flputnam Investment Management Co. increased its stake in American Electric Power by 24.0% in the 4th quarter. Flputnam Investment Management Co. now owns 5,234 shares of the company’s stock worth $425,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Capital Analysts LLC increased its stake in American Electric Power by 2.2% in the 4th quarter. Capital Analysts LLC now owns 91,001 shares of the company’s stock worth $7,391,000 after acquiring an additional 1,987 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 1.7 %

Shares of AEP stock opened at $79.51 on Wednesday. The stock has a market capitalization of $41.87 billion, a PE ratio of 18.71, a P/E/G ratio of 2.86 and a beta of 0.51. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73. The business has a 50-day moving average of $82.54 and a 200 day moving average of $79.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s dividend payout ratio is presently 82.82%.

Analyst Ratings Changes

A number of brokerages have weighed in on AEP. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Thursday, January 11th. Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Monday, January 22nd. Cfra reiterated a “buy” rating and set a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Finally, LADENBURG THALM/SH SH lowered 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 report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently 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.