American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,266 shares of the company’s stock after selling 1,102 shares during the quarter. Personal CFO Solutions LLC’s holdings in American Electric Power were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC purchased a new position in American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power in the third quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new position in American Electric Power in the fourth quarter valued at about $35,000. Kestra Investment Management LLC purchased a new position in American Electric Power in the fourth quarter valued at about $35,000. Finally, Decker Retirement Planning Inc. purchased a new position in American Electric Power in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.6 %

Shares of American Electric Power stock opened at $107.32 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $99.51 and a 200 day moving average price of $98.71. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm has a market cap of $57.22 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates 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 company 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 fiscal 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 paid a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.47%. American Electric Power’s payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Barclays dropped their target price on 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. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, Morgan Stanley dropped their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.46.

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.