American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Csenge Advisory Group

Csenge Advisory Group decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,297 shares of the company’s stock after selling 712 shares during the period. Csenge Advisory Group’s holdings in American Electric Power were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. DAVENPORT & Co LLC boosted its stake in American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after purchasing an additional 3,288 shares during the last quarter. Secure Asset Management LLC lifted its position in American Electric Power by 22.4% in the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after buying an additional 4,370 shares during the last quarter. Grove Bank & Trust lifted 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 valued at $654,000 after buying an additional 5,771 shares during the last quarter. J2 Capital Management Inc acquired a new position in American Electric Power in the fourth quarter valued at about $419,000. Finally, Principal Financial Group Inc. increased its stake in American Electric Power by 3.1% during the third 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 period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP opened at $101.83 on Tuesday. The stock has a 50 day moving average price of $95.69 and a 200 day moving average price of $97.95. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $54.19 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. American Electric Power Company, Inc. has a 52-week low of $79.01 and a 52-week high of $105.18.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same period in the prior year, the company earned $1.23 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent research reports. Evercore ISI cut their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Morgan Stanley cut their price target on shares of 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. BMO Capital Markets cut their target price on shares of 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. Finally, UBS Group upped their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.