Wealthspire Advisors LLC Sells 971 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Wealthspire Advisors LLC lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,364 shares of the company’s stock after selling 971 shares during the period. Wealthspire Advisors LLC’s holdings in American Electric Power were worth $1,417,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AEP. Janus Henderson Group PLC raised its position in shares of American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the last quarter. State Street Corp increased its position in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. FMR LLC raised its holdings in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. Zacks Investment Management bought a new stake in American Electric Power during the 3rd quarter worth about $80,207,000. Finally, JPMorgan Chase & Co. lifted its position in American Electric Power by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock valued at $315,498,000 after purchasing an additional 738,756 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ AEP opened at $106.29 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market cap of $56.67 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.95 and a beta of 0.58. The business has a 50 day simple moving average of $96.80 and a 200 day simple moving average of $98.13. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $107.36.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the prior year, the business earned $1.23 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.50%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

Analysts Set New Price Targets

AEP has been the subject of several analyst reports. BMO Capital Markets lowered their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Finally, Evercore ISI cut their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.