Cetera Advisor Networks LLC Has $6.25 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Cetera Advisor Networks LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,979 shares of the company’s stock after selling 1,256 shares during the quarter. Cetera Advisor Networks LLC’s holdings in American Electric Power were worth $6,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in American Electric Power in the fourth quarter valued at about $26,000. Wetzel Investment Advisors Inc. bought a new position in American Electric Power during the 4th quarter worth approximately $32,000. GoalVest Advisory LLC grew its holdings in American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in American Electric Power in the third quarter valued at approximately $36,000. Finally, Northwest Financial Advisors acquired a new stake in American Electric Power in the fourth quarter worth $41,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AEP shares. Barclays boosted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Wells Fargo & Company increased their price target 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. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Scotiabank raised their target price on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets upped their price target on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.92.

Get Our Latest Analysis on American Electric Power

Insider Buying and Selling

In related news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the transaction, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $88.30 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The stock has a 50 day moving average price of $87.42 and a 200 day moving average price of $83.29. The stock has a market capitalization of $46.54 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $93.44.

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, beating 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 quarter in the prior year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 3.99%. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

American Electric Power 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.

Further Reading

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

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