American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,984 shares of the company’s stock after selling 61,485 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in American Electric Power were worth $8,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. XML Financial LLC lifted its holdings in shares of American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after purchasing an additional 106 shares during the period. PSI Advisors LLC raised its holdings in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares in the last quarter. Garrison Asset Management LLC lifted its position in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after purchasing an additional 109 shares during the period. Roanoke Asset Management Corp NY boosted its holdings in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after purchasing an additional 110 shares in the last quarter. Finally, First United Bank & Trust increased its position in American Electric Power by 17.1% during the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after purchasing an additional 112 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 0.3 %

Shares of American Electric Power stock opened at $98.36 on Friday. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The business has a 50 day moving average price of $95.11 and a 200 day moving average price of $97.57. The company has a market capitalization of $52.34 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.78 and a beta of 0.56.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.78%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEP shares. Barclays reduced their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Wells Fargo & Company reduced their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Evercore ISI lowered 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. UBS Group raised their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, American Electric Power presently 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.