American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,600 shares of the company’s stock after selling 500 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in American Electric Power were worth $516,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC increased its position in shares of American Electric Power by 6.1% in the 4th quarter. Rothschild Investment LLC now owns 5,306 shares of the company’s stock worth $489,000 after purchasing an additional 304 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in American Electric Power by 10.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 7,920 shares of the company’s stock worth $730,000 after purchasing an additional 729 shares in the last quarter. Rowlandmiller & PARTNERS.ADV bought a new stake in American Electric Power in the fourth quarter valued at about $115,000. RWC Asset Management LLP acquired a new stake in American Electric Power during the fourth quarter valued at approximately $12,138,000. Finally, Mainstay Capital Management LLC ADV lifted its holdings in American Electric Power by 2.1% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 15,587 shares of the company’s stock worth $1,438,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI dropped their price target on 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. Wells Fargo & Company dropped their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Trading Up 0.9 %

Shares of AEP stock opened at $105.33 on Monday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $105.73. The firm has a market capitalization of $56.16 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. The stock has a fifty day moving average of $96.51 and a two-hundred day moving average of $98.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

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, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company earned $1.23 earnings per share. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 66.43%.

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.