American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,275 shares of the company’s stock after selling 234 shares during the quarter. Wrapmanager Inc.’s holdings in American Electric Power were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its position in American Electric Power by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 131,773 shares of the company’s stock valued at $13,528,000 after acquiring an additional 1,460 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of American Electric Power by 6.4% in the third quarter. J.W. Cole Advisors Inc. now owns 17,929 shares of the company’s stock valued at $1,840,000 after purchasing an additional 1,079 shares during the period. Concord Wealth Partners boosted its stake in shares of American Electric Power by 30.0% in the third quarter. Concord Wealth Partners now owns 1,843 shares of the company’s stock valued at $189,000 after purchasing an additional 425 shares during the period. TCI Wealth Advisors Inc. acquired a new position in shares of American Electric Power in the third quarter valued at approximately $202,000. Finally, Orrstown Financial Services Inc. purchased a new stake in American Electric Power during the 3rd quarter worth approximately $311,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AEP shares. 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 report on Friday, November 22nd. Evercore ISI decreased their target price 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. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets decreased their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $107.70 on Wednesday. The stock’s 50-day simple moving average is $97.11 and its 200-day simple moving average is $98.20. 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 firm has a market capitalization of $57.43 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $107.84.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates 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 previous year, the company earned $1.23 EPS. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

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.