Valley Wealth Managers Inc. trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 41,000 shares of the company's stock after selling 4,845 shares during the quarter. Valley Wealth Managers Inc.'s holdings in American Electric Power were worth $3,781,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. XML Financial LLC boosted its position in shares of American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after purchasing an additional 106 shares in the last quarter. PSI Advisors LLC boosted its holdings in American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after acquiring an additional 107 shares in the last quarter. Garrison Asset Management LLC boosted its holdings in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock worth $1,950,000 after acquiring an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY boosted its holdings in American Electric Power by 2.2% in the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock worth $516,000 after acquiring an additional 110 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock worth $286,000 after acquiring an additional 112 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.
American Electric Power Stock Performance
Shares of NASDAQ AEP traded up $0.98 during mid-day trading on Friday, hitting $105.33. The company had a trading volume of 4,001,955 shares, compared to its average volume of 3,314,018. The company has a market capitalization of $56.16 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.91 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $105.73. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock's 50-day moving average price is $96.51 and its 200-day moving average price is $98.09.
American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the firm earned $1.23 earnings per share. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.
American Electric Power Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, February 10th. American Electric Power's payout ratio is 66.43%.
Analyst Ratings Changes
Several research analysts have issued reports on AEP shares. Barclays cut their price target 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. Scotiabank lowered American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. BMO Capital Markets cut their price target 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. Finally, Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $98.00.
Check Out Our Latest Stock Analysis on AEP
About American Electric Power
(
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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