American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,908 shares of the company’s stock after selling 558 shares during the period. Procyon Advisors LLC’s holdings in American Electric Power were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in AEP. FSC Wealth Advisors LLC raised its position in American Electric Power by 222.0% during the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after acquiring an additional 242 shares during the period. Fairfield Bush & CO. acquired a new position in American Electric Power during the second quarter worth $26,000. Penserra Capital Management LLC acquired a new position in American Electric Power during the first quarter worth $27,000. Pacifica Partners Inc. raised its position in shares of American Electric Power by 2,343.8% in the third quarter. Pacifica Partners Inc. now owns 391 shares of the company’s stock valued at $28,000 after buying an additional 375 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $28,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on AEP. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Monday, January 22nd. StockNews.com lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. Cfra reissued a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Finally, Barclays reissued an “equal weight” rating and set a $83.00 price target (down previously from $84.00) on shares of American Electric Power in a research report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $87.08.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded up $0.55 on Thursday, reaching $85.35. 288,980 shares of the company were exchanged, compared to its average volume of 4,023,042. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $96.05. The firm has a market cap of $44.94 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.91 and a beta of 0.51. The company has a 50-day moving average of $80.93 and a 200-day moving average of $79.31.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. American Electric Power’s quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 9th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.12%. American Electric Power’s dividend payout ratio (DPR) is 82.82%.

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.