American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Pacifica Partners Inc.

Pacifica Partners Inc. reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,911 shares of the company’s stock after selling 415 shares during the quarter. Pacifica Partners Inc.’s holdings in American Electric Power were worth $360,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the third quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the third quarter worth approximately $48,000. Future Financial Wealth Managment LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at $50,000. Finally, Friedenthal Financial purchased a new stake in American Electric Power in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.0 %

Shares of AEP opened at $94.50 on Wednesday. The firm’s 50-day moving average is $94.52 and its two-hundred day moving average is $96.78. The firm has a market capitalization of $50.29 billion, a P/E ratio of 18.94, a PEG ratio of 2.70 and a beta of 0.56. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is 74.55%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AEP. Evercore ISI lowered their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $104.00 in a research report on Monday. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Finally, Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $98.00.

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.