Arkadios Wealth Advisors Sells 1,987 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Arkadios Wealth Advisors lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,819 shares of the company’s stock after selling 1,987 shares during the quarter. Arkadios Wealth Advisors’ holdings in American Electric Power were worth $2,289,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of American Electric Power by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after acquiring an additional 19,081 shares in the last quarter. New England Asset Management Inc. bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $3,404,000. ING Groep NV raised its stake in shares of American Electric Power by 244.3% during the 3rd quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after acquiring an additional 208,974 shares in the last quarter. Czech National Bank raised its stake in shares of American Electric Power by 6.5% during the 4th quarter. Czech National Bank now owns 115,471 shares of the company’s stock worth $10,650,000 after acquiring an additional 7,073 shares in the last quarter. Finally, Pines Wealth Management LLC bought a new position in shares of American Electric Power during the 4th quarter worth approximately $303,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Barclays cut their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Evercore ISI cut their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group upped their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $97.25 on Friday. The company’s fifty day moving average price is $94.52 and its 200 day moving average price is $96.84. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a market capitalization of $51.75 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. American Electric Power’s dividend payout ratio is 74.55%.

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.