44 Wealth Management LLC Lowers Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

44 Wealth Management LLC lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,801 shares of the company’s stock after selling 2,450 shares during the period. 44 Wealth Management LLC’s holdings in American Electric Power were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. Pathway Financial Advisers LLC lifted its stake in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp lifted its stake in shares of American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares in the last quarter. FMR LLC lifted its stake in shares of American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power in the third quarter worth about $80,207,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.9 %

NASDAQ:AEP opened at $105.33 on Friday. The stock’s fifty day moving average price is $96.51 and its two-hundred day moving average price is $98.08. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $105.73. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The company has a market cap of $56.16 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.95 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business posted $1.23 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Analysts Set New Price Targets

Several analysts have issued reports on AEP shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company cut their price objective on 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. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power has an average 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.