American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Barry Investment Advisors LLC

Barry Investment Advisors LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,512 shares of the company’s stock after selling 237 shares during the period. Barry Investment Advisors LLC’s holdings in American Electric Power were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC bought a new position in shares of American Electric Power in the fourth quarter worth $2,405,000. Perigon Wealth Management LLC boosted its stake in American Electric Power by 1.1% during the fourth quarter. Perigon Wealth Management LLC now owns 13,241 shares of the company’s stock valued at $1,282,000 after buying an additional 138 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in American Electric Power by 8.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,541 shares of the company’s stock valued at $695,000 after buying an additional 587 shares in the last quarter. Parsons Capital Management Inc. RI boosted its stake in American Electric Power by 55.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 7,864 shares of the company’s stock valued at $725,000 after buying an additional 2,800 shares in the last quarter. Finally, Summit Financial Strategies Inc. boosted its stake in American Electric Power by 6.9% during the fourth quarter. Summit Financial Strategies Inc. now owns 5,270 shares of the company’s stock valued at $486,000 after buying an additional 342 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Down 2.6 %

Shares of American Electric Power stock opened at $100.00 on Wednesday. The stock has a 50-day simple moving average of $94.99 and a 200-day simple moving average of $97.41. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The firm has a market cap of $53.21 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.77 and a beta of 0.56.

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 issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.72%. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEP shares. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Company 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.