Brandywine Oak Private Wealth LLC Cuts Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Brandywine Oak Private Wealth LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,566 shares of the company’s stock after selling 355 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in American Electric Power were worth $1,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. BLB&B Advisors LLC boosted its stake in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after acquiring an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of American Electric Power by 4.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after buying an additional 132 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in American Electric Power by 2.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after purchasing an additional 135 shares during the period. CENTRAL TRUST Co raised its stake in American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after purchasing an additional 138 shares during the period. Finally, Pinnacle West Asset Management Inc. grew its holdings in shares of American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after acquiring an additional 140 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. BMO Capital Markets upped their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Monday, January 22nd. Cfra reissued a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Finally, LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $86.08.

American Electric Power Price Performance

American Electric Power stock traded up $1.03 during trading hours on Wednesday, hitting $87.06. 1,149,285 shares of the stock were exchanged, compared to its average volume of 3,738,400. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $92.89. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The business’s 50-day moving average is $83.74 and its two-hundred day moving average is $80.67. The stock has a market capitalization of $45.84 billion, a P/E ratio of 20.37, a P/E/G ratio of 3.06 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.25 by $0.02. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. American Electric Power’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is currently 82.82%.

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.