Kingswood Wealth Advisors LLC Sells 9,174 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Kingswood Wealth Advisors LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 76.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,901 shares of the company's stock after selling 9,174 shares during the period. Kingswood Wealth Advisors LLC's holdings in American Electric Power were worth $268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AEP. XML Financial LLC raised its position in American Electric Power by 3.8% in the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after buying an additional 106 shares during the last quarter. PSI Advisors LLC raised its holdings in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after purchasing an additional 107 shares during the last quarter. Garrison Asset Management LLC lifted its position in shares of American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock valued at $1,950,000 after purchasing an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY lifted its position in shares of American Electric Power by 2.2% during the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock valued at $516,000 after purchasing an additional 110 shares in the last quarter. Finally, First United Bank & Trust boosted its holdings in American Electric Power by 17.1% during the third quarter. First United Bank & Trust now owns 766 shares of the company's stock worth $79,000 after purchasing an additional 112 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AEP shares. 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 research note on Tuesday, November 26th. Bank of America upgraded American Electric Power from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Morgan Stanley reduced their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of AEP stock traded down $1.48 during trading on Tuesday, reaching $97.88. 2,113,846 shares of the company's stock traded hands, compared to its average volume of 3,431,634. The firm's 50-day moving average is $95.13 and its 200 day moving average is $97.64. The company has a market capitalization of $52.08 billion, a P/E ratio of 19.62, a PEG ratio of 2.79 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Monday, February 10th. American Electric Power's payout ratio is currently 74.55%.

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.