American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,242 shares of the company’s stock after selling 812 shares during the quarter. TRUE Private Wealth Advisors’ holdings in American Electric Power were worth $263,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC raised its stake in shares of American Electric Power by 2.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock valued at $592,000 after purchasing an additional 117 shares in the last quarter. Thrivent Financial for Lutherans grew its position in American Electric Power by 0.4% in the 3rd 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 during the last quarter. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after purchasing an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in American Electric Power by 4.4% in the 3rd 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 during the last quarter. Finally, Financial Advocates Investment Management grew its position in American Electric Power by 2.8% in the 4th quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock worth $469,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.2 %

AEP stock opened at $81.24 on Thursday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $94.73. The firm has a market cap of $42.78 billion, a PE ratio of 19.12, a P/E/G ratio of 2.81 and a beta of 0.51. The firm has a 50 day simple moving average of $82.62 and a 200 day simple moving average of $79.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were given a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.33%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Analyst Ratings Changes

Several research firms have commented on AEP. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Monday, January 22nd. LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Cfra restated a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Barclays increased their price objective on shares of American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.08.

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.