Valley Wealth Managers Inc. Sells 4,845 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Valley Wealth Managers Inc. lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,000 shares of the company’s stock after selling 4,845 shares during the period. Valley Wealth Managers Inc.’s holdings in American Electric Power were worth $3,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in American Electric Power in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power in the 3rd quarter worth about $33,000. Kestra Investment Management LLC purchased a new position in shares of American Electric Power in the 4th quarter worth about $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power in the 4th quarter valued at about $35,000. Finally, Reston Wealth Management LLC bought a new position in shares of American Electric Power during the third quarter valued at about $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $101.83 on Tuesday. The stock has a market capitalization of $54.19 billion, a PE ratio of 20.41, a P/E/G ratio of 2.84 and a beta of 0.58. The firm has a 50 day moving average of $95.69 and a two-hundred day moving average of $97.95. American Electric Power Company, Inc. has a 52 week low of $79.01 and a 52 week high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same quarter last year, the business earned $1.23 EPS. On average, research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of 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. 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 research report on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. UBS Group lifted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. 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. Based on data from MarketBeat, American Electric Power currently 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.