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

Pinion Investment Advisors LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,865 shares of the company’s stock after selling 294 shares during the quarter. Pinion Investment Advisors LLC’s holdings in American Electric Power were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. XML Financial LLC boosted its position in American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after acquiring an additional 106 shares during the period. PSI Advisors LLC lifted its holdings in American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares during the period. Garrison Asset Management LLC lifted its holdings in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after purchasing an additional 109 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in American Electric Power by 3.7% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock valued at $286,000 after buying an additional 112 shares in the last quarter. Finally, Albion Financial Group UT increased its stake in American Electric Power by 0.9% during the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after buying an additional 112 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 1.6 %

Shares of NASDAQ:AEP opened at $107.70 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $107.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The company has a market cap of $57.43 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The firm has a 50 day simple moving average of $98.28 and a 200 day simple moving average of $98.46.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the firm earned $1.23 earnings per share. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. UBS Group raised their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.46.

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.