44 Wealth Management LLC Has $443,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

44 Wealth Management LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 33.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,801 shares of the company’s stock after selling 2,450 shares during the period. 44 Wealth Management LLC’s holdings in American Electric Power were worth $443,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Moody Lynn & Lieberson LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $222,000. Busey Bank lifted its stake in American Electric Power by 2.7% in the 3rd quarter. Busey Bank now owns 9,076 shares of the company’s stock valued at $931,000 after purchasing an additional 240 shares during the last quarter. Dumont & Blake Investment Advisors LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $230,000. Joel Isaacson & Co. LLC raised its holdings in American Electric Power by 7.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,855 shares of the company’s stock valued at $396,000 after acquiring an additional 261 shares during the period. Finally, Parcion Private Wealth LLC raised its holdings in American Electric Power by 1.9% in the 3rd quarter. Parcion Private Wealth LLC now owns 6,236 shares of the company’s stock valued at $640,000 after acquiring an additional 117 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Barclays lowered their price target on shares of 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. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the company from $98.00 to $104.00 in a report on Monday, January 13th. Evercore ISI lowered their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research 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, the stock has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $105.33 on Friday. The firm has a market cap of $56.16 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. The firm’s fifty day moving average is $96.51 and its 200-day moving average is $98.08. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $105.73.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 quarter last year, the firm earned $1.23 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.53%. American Electric Power’s payout ratio is 66.43%.

American Electric Power Company 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.