My Legacy Advisors LLC Lowers Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

My Legacy Advisors LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,865 shares of the company’s stock after selling 1,963 shares during the period. My Legacy Advisors LLC’s holdings in American Electric Power were worth $1,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its position in American Electric Power by 2.0% during the first quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after purchasing an additional 117 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in American Electric Power by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock worth $2,445,000 after purchasing an additional 119 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after purchasing an additional 132 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of American Electric Power by 2.8% in the fourth quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock valued at $469,000 after acquiring an additional 133 shares in the last quarter. Finally, Tradewinds LLC. lifted its position in shares of American Electric Power by 1.7% in the second quarter. Tradewinds LLC. now owns 8,184 shares of the company’s stock valued at $689,000 after acquiring an additional 136 shares in the last quarter. 74.68% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.3 %

Shares of AEP stock traded up $0.25 during trading hours on Thursday, reaching $83.10. The company had a trading volume of 3,107,819 shares, compared to its average volume of 4,211,008. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $96.05. The company has a market capitalization of $43.76 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.94 and a beta of 0.51. The stock’s fifty day simple moving average is $80.69 and its 200 day simple moving average is $79.10.

American Electric Power (NASDAQ:AEPGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the business posted $1.05 EPS. American Electric Power’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Thursday, February 8th. American Electric Power’s dividend payout ratio is presently 82.82%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Thursday, January 11th. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $75.50 to $73.00 in a research report on Friday, March 8th. Cfra restated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Finally, BMO Capital Markets increased their target price on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.08.

View Our Latest Analysis on AEP

American Electric Power Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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