Romano Brothers AND Company Sells 400 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Romano Brothers AND Company cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,270 shares of the company’s stock after selling 400 shares during the period. Romano Brothers AND Company’s holdings in American Electric Power were worth $4,360,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AEP. Legacy Investment Solutions LLC acquired a new stake in American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power during the third quarter worth $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power in the third quarter worth $48,000. Friedenthal Financial acquired a new stake in American Electric Power in the third quarter valued at $50,000. Finally, Future Financial Wealth Managment LLC bought a new position in American Electric Power during the 3rd quarter worth $50,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.4 %

AEP opened at $97.25 on Friday. The company has a market cap of $51.75 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The company has a fifty day moving average price of $94.52 and a two-hundred day moving average price of $96.84. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were paid a dividend of $0.93 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, November 8th. American Electric Power’s dividend payout ratio is 74.55%.

Analysts Set New Price Targets

A number of research firms have commented on AEP. BMO Capital Markets reduced their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Evercore ISI dropped their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.00.

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.