Kestra Private Wealth Services LLC Cuts Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Kestra Private Wealth Services LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,410 shares of the company’s stock after selling 1,098 shares during the period. Kestra Private Wealth Services LLC’s holdings in American Electric Power were worth $4,096,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AEP. CWM LLC raised its stake in shares of American Electric Power by 2.7% in the 3rd quarter. CWM LLC now owns 26,400 shares of the company’s stock valued at $2,709,000 after acquiring an additional 692 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of American Electric Power by 4,215.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,634 shares of the company’s stock valued at $2,014,000 after acquiring an additional 19,179 shares during the period. CHICAGO TRUST Co NA raised its stake in shares of American Electric Power by 39.1% in the 3rd quarter. CHICAGO TRUST Co NA now owns 3,963 shares of the company’s stock valued at $407,000 after acquiring an additional 1,114 shares during the period. Sapient Capital LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at $203,000. Finally, Magnus Financial Group LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5 %

NASDAQ AEP opened at $100.83 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a 50-day simple moving average of $95.11 and a 200-day simple moving average of $97.79. The firm has a market capitalization of $53.65 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. American Electric Power Company, Inc. has a one year low of $76.31 and a one year high of $105.18.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Morgan Stanley decreased their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

About American Electric Power

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.