American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,249 shares of the company’s stock after selling 230 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in American Electric Power were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XML Financial LLC raised its holdings in American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after purchasing an additional 106 shares during the last quarter. PSI Advisors LLC raised its holdings in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares during the last quarter. Garrison Asset Management LLC raised its holdings in American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after purchasing an additional 109 shares during the last quarter. Roanoke Asset Management Corp NY raised its holdings in shares of American Electric Power by 2.2% in the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after acquiring an additional 110 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of American Electric Power by 3.7% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $104.35 on Friday. The stock has a 50-day moving average price of $96.26 and a two-hundred day moving average price of $98.04. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $105.18. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a market cap of $55.64 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the firm earned $1.23 earnings per share. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company 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. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AEP. Evercore ISI cut their price target on 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. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Barclays cut their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.00.

American Electric Power 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.