Schechter Investment Advisors LLC Sells 293 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Schechter Investment Advisors LLC lessened its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,426 shares of the company’s stock after selling 293 shares during the period. Schechter Investment Advisors LLC’s holdings in American Electric Power were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Farther Finance Advisors LLC lifted its position in American Electric Power by 3.2% during the third quarter. Farther Finance Advisors LLC now owns 7,242 shares of the company’s stock valued at $743,000 after purchasing an additional 224 shares during the period. Van ECK Associates Corp lifted its position in American Electric Power by 7.3% during the third quarter. Van ECK Associates Corp now owns 146,090 shares of the company’s stock valued at $14,730,000 after purchasing an additional 9,937 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in American Electric Power during the third quarter valued at approximately $4,015,000. Asset Management One Co. Ltd. lifted its position in American Electric Power by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 196,738 shares of the company’s stock valued at $20,185,000 after purchasing an additional 2,701 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its position in American Electric Power by 1.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 89,500 shares of the company’s stock valued at $9,183,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, BMO Capital Markets decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and an average price target of $98.46.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $103.39 on Thursday. The firm has a fifty day moving average price of $98.75 and a 200-day moving average price of $98.55. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The stock has a market cap of $55.13 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52.

American Electric Power (NASDAQ:AEP) last posted its 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 net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the business earned $1.23 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.60%. American Electric Power’s payout ratio is 66.43%.

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.