American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Trimmed by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,658 shares of the company’s stock after selling 316 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in American Electric Power were worth $1,260,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC increased its position in shares of American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after purchasing an additional 3,288 shares during the period. Secure Asset Management LLC grew its holdings in American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after acquiring an additional 4,370 shares during the period. Grove Bank & Trust raised its position in American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after acquiring an additional 5,771 shares in the last quarter. J2 Capital Management Inc acquired a new stake in American Electric Power in the 4th quarter valued at about $419,000. Finally, Principal Financial Group Inc. grew its stake in shares of American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after purchasing an additional 19,081 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $99.39 on Thursday. The company has a market cap of $52.89 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.79 and a beta of 0.58. The business has a 50 day moving average price of $95.09 and a 200 day moving average price of $97.68. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.74%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Analyst Ratings Changes

AEP has been the topic of several recent research reports. 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. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.