9258 Wealth Management LLC Reduces Position in American Electric Power Company, Inc. (NASDAQ:AEP)

9258 Wealth Management LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,957 shares of the company’s stock after selling 484 shares during the quarter. 9258 Wealth Management LLC’s holdings in American Electric Power were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEP. Wetzel Investment Advisors Inc. purchased a new stake in American Electric Power in the fourth quarter worth $32,000. GoalVest Advisory LLC lifted its stake in American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after acquiring an additional 320 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in American Electric Power in the third quarter worth $36,000. DT Investment Partners LLC lifted its stake in American Electric Power by 798.5% in the fourth quarter. DT Investment Partners LLC now owns 593 shares of the company’s stock worth $47,000 after acquiring an additional 527 shares during the period. Finally, First Financial Corp IN lifted its stake in American Electric Power by 83.4% in the fourth quarter. First Financial Corp IN now owns 620 shares of the company’s stock worth $50,000 after acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Barclays increased their price objective on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Finally, BMO Capital Markets increased their price objective on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.64.

View Our Latest Analysis on American Electric Power

American Electric Power Price Performance

NASDAQ AEP opened at $90.25 on Monday. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $93.44. The stock has a 50-day moving average of $86.94 and a 200 day moving average of $82.92. The company has a market capitalization of $47.57 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.67 and a beta of 0.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54.

American Electric Power (NASDAQ:AEPGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the company earned $1.11 EPS. American Electric Power’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.59 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 3.90%. American Electric Power’s payout ratio is 65.31%.

American Electric Power Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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