Xponance Inc. Sells 8,320 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Xponance Inc. trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,063 shares of the company’s stock after selling 8,320 shares during the period. Xponance Inc.’s holdings in American Electric Power were worth $6,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new stake in American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the 3rd quarter worth approximately $33,000. Fairway Wealth LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $32,000. Finally, Kestra Investment Management LLC bought a new stake in American Electric Power during the 4th quarter worth approximately $35,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEP. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets decreased their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Bank of America boosted their price objective on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $99.23.

American Electric Power Price Performance

American Electric Power stock opened at $105.84 on Thursday. American Electric Power Company, Inc. has a 12 month low of $79.16 and a 12 month high of $109.52. 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 business’s 50 day simple moving average is $101.38 and its 200 day simple moving average is $99.00. The company has a market cap of $56.44 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS 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 prior year, the business earned $1.23 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio is currently 66.43%.

American Electric Power 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.