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

RWA Wealth Partners LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,214 shares of the company's stock after selling 3,735 shares during the quarter. RWA Wealth Partners LLC's holdings in American Electric Power were worth $758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after acquiring an additional 763,813 shares in the last quarter. State Street Corp boosted its holdings in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. GQG Partners LLC grew its position in shares of American Electric Power by 3.7% in the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock worth $1,389,032,000 after buying an additional 543,054 shares during the period. Geode Capital Management LLC grew its holdings in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock worth $1,280,655,000 after purchasing an additional 352,588 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of American Electric Power by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after purchasing an additional 100,578 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a research report on Wednesday, March 26th. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Scotiabank lowered shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America upped their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley increased their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average price target of $100.77.

American Electric Power Stock Performance

Shares of AEP stock traded down $4.63 during trading hours on Friday, reaching $104.48. 7,367,841 shares of the company traded hands, compared to its average volume of 3,107,684. The firm has a 50-day moving average price of $103.79 and a 200 day moving average price of $99.26. The company has a market cap of $55.76 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.97 and a beta of 0.43. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly 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 15.08% and a return on equity of 11.27%. During the same period last year, the company earned $1.23 earnings per share. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, February 10th. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

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.