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

Bfsg LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,640 shares of the company’s stock after selling 223 shares during the period. Bfsg LLC’s holdings in American Electric Power were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power during the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $48,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AEP. Morgan Stanley dropped their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays decreased 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. UBS Group raised 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. Evercore ISI decreased 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, Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Trading Up 0.4 %

AEP opened at $102.20 on Wednesday. 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 company’s 50 day simple moving average is $95.84 and its two-hundred day simple moving average is $97.96. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $105.18. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. During the same period last year, the business posted $1.23 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is presently 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.