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

Mutual Advisors LLC lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,045 shares of the company’s stock after selling 487 shares during the quarter. Mutual Advisors LLC’s holdings in American Electric Power were worth $973,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power during the 3rd quarter worth $33,000. Reston Wealth Management LLC purchased a new position in American Electric Power during the 3rd quarter worth $48,000. Friedenthal Financial acquired a new position in American Electric Power in the third quarter valued at $50,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of American Electric Power in the third quarter valued at about $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group raised 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. Wells Fargo & Company lowered their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday. Barclays lowered their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Finally, Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

NASDAQ AEP opened at $98.18 on Friday. The business has a 50 day moving average price of $94.87 and a 200 day moving average price of $97.19. The company has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56. 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 debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 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.