Peddock Capital Advisors LLC Sells 142 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Peddock Capital Advisors LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,300 shares of the company’s stock after selling 142 shares during the period. Peddock Capital Advisors LLC’s holdings in American Electric Power were worth $512,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEP. Wetzel Investment Advisors Inc. bought a new stake in shares of American Electric Power in the fourth quarter worth about $32,000. GoalVest Advisory LLC raised its holdings in shares of American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after acquiring an additional 320 shares in the last quarter. JNBA Financial Advisors lifted its stake in American Electric Power by 91.6% in the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in American Electric Power in the third quarter valued at $36,000. Finally, Byrne Asset Management LLC purchased a new position in American Electric Power during the 3rd quarter valued at $38,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

NASDAQ:AEP traded up $0.57 during trading hours on Wednesday, hitting $90.44. 896,076 shares of the stock traded hands, compared to its average volume of 3,717,836. The stock has a 50 day moving average price of $84.26 and a 200 day moving average price of $81.04. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $47.67 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.74 and a beta of 0.50. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $92.10.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. American Electric Power’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEP. Cfra reiterated 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. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Scotiabank increased their price objective on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their target price on shares of American Electric Power from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $88.14.

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.