Stratos Wealth Advisors LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 2.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,377 shares of the company’s stock after selling 159 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in American Electric Power were worth $489,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Trifecta Capital Advisors LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $25,000. Penserra Capital Management LLC purchased a new stake in American Electric Power during the 1st quarter valued at about $27,000. AXS Investments LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $27,000. Dark Forest Capital Management LP boosted its holdings in American Electric Power by 91.9% during the 4th quarter. Dark Forest Capital Management LP now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 136 shares during the period. Finally, True Wealth Design LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $28,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Citigroup upped their price target on American Electric Power from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Monday, April 17th. BMO Capital Markets lowered their price target on American Electric Power from $103.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, June 30th. Mizuho lowered their price target on American Electric Power from $94.00 to $93.00 in a research report on Thursday, July 6th. StockNews.com assumed coverage on American Electric Power in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group assumed coverage on American Electric Power in a research report on Wednesday, June 7th. They set a “buy” rating and a $98.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $97.97.
Insider Buying and Selling at American Electric Power
American Electric Power Stock Performance
American Electric Power stock opened at $87.22 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $44.82 billion, a P/E ratio of 22.54, a PEG ratio of 2.96 and a beta of 0.45. The stock’s 50 day moving average is $84.70 and its 200 day moving average is $88.96. American Electric Power Company, Inc. has a twelve month low of $80.30 and a twelve month high of $105.60.
American Electric Power (NASDAQ:AEP – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.03). The company had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.57 billion. American Electric Power had a return on equity of 10.57% and a net margin of 10.10%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.26 earnings per share for the current fiscal year.
American Electric Power Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $3.32 annualized dividend and a yield of 3.81%. American Electric Power’s dividend payout ratio is 85.79%.
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.
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