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

Sequoia Financial Advisors LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,408 shares of the company's stock after selling 4,688 shares during the period. Sequoia Financial Advisors LLC's holdings in American Electric Power were worth $9,076,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEP. PSI Advisors LLC lifted its holdings in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after acquiring an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings 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 acquiring an additional 112 shares during the last quarter. Albion Financial Group UT lifted its holdings in American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock valued at $1,119,000 after acquiring an additional 112 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in American Electric Power by 11.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock valued at $103,000 after acquiring an additional 112 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in American Electric Power by 8.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,408 shares of the company's stock worth $130,000 after buying an additional 113 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America upgraded American Electric Power from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Barclays cut their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $98.46.

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American Electric Power Price Performance

NASDAQ AEP opened at $102.96 on Thursday. The company has a 50 day simple moving average of $99.97 and a 200-day simple moving average of $98.78. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market capitalization of $54.90 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the firm earned $1.23 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's payout ratio is presently 66.43%.

About American Electric Power

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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