McGlone Suttner Wealth Management Inc. Decreases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

McGlone Suttner Wealth Management Inc. decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,735 shares of the company’s stock after selling 666 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in American Electric Power were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the 3rd quarter valued at approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power in the third quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $97.47 on Friday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The company has a market cap of $51.87 billion, a PE ratio of 19.53, a P/E/G ratio of 2.78 and a beta of 0.56. The stock has a 50 day simple moving average of $94.83 and a 200-day simple moving average of $97.12. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.82%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

AEP has been the subject of several recent analyst reports. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $98.00.

Check Out Our Latest Research Report on AEP

American Electric Power Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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