Dynamic Advisor Solutions LLC Sells 1,976 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Dynamic Advisor Solutions LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,607 shares of the company’s stock after selling 1,976 shares during the period. Dynamic Advisor Solutions LLC’s holdings in American Electric Power were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power in the third quarter worth about $33,000. Reston Wealth Management LLC purchased a new stake in shares of American Electric Power during the third quarter valued at about $48,000. Friedenthal Financial bought a new stake in shares of American Electric Power in the 3rd quarter valued at about $50,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $102.63 on Tuesday. The company has a market capitalization of $54.61 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.77 and a beta of 0.56. The business’s 50-day moving average is $94.87 and its two-hundred day moving average is $97.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18.

American Electric Power Announces Dividend

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 given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target 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. Finally, Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the company from $98.00 to $104.00 in a research report on Monday, January 13th. One 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 stock. According to MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $98.00.

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.