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

MKT Advisors LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,809 shares of the company’s stock after selling 298 shares during the quarter. MKT Advisors LLC’s holdings in American Electric Power were worth $662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power in the 3rd quarter valued at about $33,000. Reston Wealth Management LLC purchased a new stake in American Electric Power during the 3rd quarter valued at approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in American Electric Power during the 4th quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $98.18 on Friday. The business has a fifty day simple moving average of $94.87 and a 200-day simple moving average of $97.26. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The company has a market cap of $52.24 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.77 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AEP shares. Wells Fargo & Company reduced their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. BMO Capital Markets cut their target price 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. Barclays decreased their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Finally, Evercore ISI cut their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.